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Show Low board approves FY25 annual financial report; projects $5.5 million carryforward
Summary
The Show Low Unified School District board approved the district's FY25 Annual Financial Report (AFR) and school-level report after a presentation from district finance staff. The report showed $30 million in total expenditures for FY25 and a projected $5.5 million maintenance-and-operations carryforward to FY26, subject to state review and audit.
The Show Low Unified School District Governing Board on Monday approved the district's FY25 Annual Financial Report (AFR) and the school-level AFR after a presentation by district finance staff.
Shaylee Davis, who presented the AFR package, told the board the AFR is required by statute and must be filed with the state by Oct. 15. "The AFR is required by statute and it must be approved by October 15," Davis said. She reviewed the package components, including maintenance and operations (M&O), capital grants, special revenue funds, the school-level report and the K-3 reading…
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