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Finance committee reviews August inter- and intra-function transfers, emphasizes quarterly spend-down monitoring
Summary
Committee members reviewed August interfunction and intrafunction transfers and discussed monitoring procedures for federal grant spend-downs and quarterly reporting to keep funds aligned with program year needs.
The APS Board of Education Finance Committee on Sept. 24 reviewed August interfunction and intrafunction transfers for grant and operational budgets and discussed the district’s process for monitoring grant spend-downs.
Renee Apodaca, Chief Financial Officer, presented the interfunction transfers for grant management covering August 2025 and described adjustments that included the reversion of Title funding tied to a federal freeze and unfreeze timeline. Apodaca said the transfers align funds in holding accounts to program priorities and approved application budgets.
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