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Phoenix Elementary board approves FY25 annual financial report showing roughly $108 million in expenditures
Summary
District finance staff presented the Annual Financial Report required by statute 19-904, outlining $54.84 million in maintenance and operations expenditures, $2.7 million capital outlay, $5 million classroom site fund and approximately $21.6 million in grant spending (including $8.1 million SR3 funds). The board voted to approve the AFR.
The Phoenix Elementary School District No. 1 governing board voted to approve the district's fiscal year 2025 Annual Financial Report (AFR), a statutory document summarizing revenues and expenditures for the fiscal year that runs July 1 to June 30.
Finance staff presented the AFR and described the major fund totals and compliance steps. The presenter explained that the AFR is required by "statute 19‑904" and that it consolidates maintenance and operations, capital outlay, classroom site funds, grants and special revenue/cash‑controlled accounts. "The AFR is called the annual financial report. It is required by statute 19 dash 9 0 4 that must be presented and…
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