Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Board approves Phoenix Elementary District FY25 annual financial report; staff flagged ESSER III decline next year
Summary
The governing board voted to accept the district’s FY25 Annual Financial Report after a presentation explaining revenues, expenditures and fund balances; staff warned ESSER III federal funds inflated grant totals in FY25 and will not be available next year
The Phoenix Elementary School District No. 1 governing board on Tuesday approved the district’s fiscal year 2025 Annual Financial Report (AFR) after a staff presentation explaining revenues, expenditures and fund balances.
The AFR documents the district’s revenues and expenditures for the fiscal year running July 1, 2024, to June 30, 2025, and is required by statute that the presenter cited. "The AFR is called the annual financial report. It is required by statute 19 dash 9 0 4 that must be presented and approved every year," an accounting presenter said.
Why it matters: the AFR is the official accounting of how the district used maintenance and…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
