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Board reviews investments, approves federal funding plan and school accountability report; auditors present clean 2023–24 audit
Summary
At the Jan. 23 board meeting the district reported $39.4 million in combined investment accounts, approved the ConApp and the School Accountability Report Card, and auditors delivered an unmodified opinion on the 2023–24 financial statements with no findings.
El Camino Real Charter High District board members received several financial updates and approved multiple fiscal items at the Jan. 23 meeting, including the consolidated application for federal funds (ConApp) and the school accountability report card (SARC). Auditors presented the 2023–24 audit and delivered unmodified opinions on financial statements, state compliance, and federal compliance with no audit findings.
Investment and cash‑management updates: A presenter reported the district’s OPEB trust had $31.6 million at year‑end and that the district’s other investments totaled about $7.8 million, yielding combined invested assets near $39.4 million. The OPEB account reported gains for the year and paid approximately $300,000 in OPEB payments; the presenter noted year‑end investment…
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