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Catalina Foothills board approves FY2025 midyear budget revision after finance staff explains carryforward changes
Summary
The Catalina Foothills Unified School District Governing Board approved a second revision to the fiscal year 2025 expenditure budget after finance staff described larger-than-expected carryforward and adjustments to a DAA transfer; the board voted 5-0 to adopt the revision.
Tucson, Ariz. — The Catalina Foothills Unified School District Governing Board on Feb. 25 approved its fiscal year 2025 expenditure budget revision number 2 after the district’s finance director detailed changes to carryforward amounts and to a planned transfer from the district additional assistance (DAA) fund to maintenance and operations (M&O).
Lisa Tatel, the district’s director of finance, told the board: “On the cover sheet, unrestricted capital increased by 1,790,000 due to decreasing the transfer of DAA to m and o.” She said the revision primarily reflects a larger M&O carryforward than had been budgeted and an allocation of one-time free-and-reduced-price-meal and DAA funding of $195,000 that reduced the needed DAA transfer.
The revision documents show the DAA transfer to M&O decreased by $1,590,000. Tatel told board members that the district frequently adjusts its DAA-to-M&O…
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