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Governing board approves Phoenix Elementary District FY25 annual financial report
Summary
Superintendent and finance staff presented the district’s FY25 Annual Financial Report (AFR). The report shows $54.84 million in maintenance & operations expenditures, total district expenditures near $108 million for FY25, and an estimated lease revenue of about $1.1 million. The board approved the AFR by voice vote.
The Phoenix Elementary District Governing Board voted Tuesday to approve the district’s Fiscal Year 2025 Annual Financial Report, the document the district files with state auditors describing revenues and expenditures for the fiscal year that ran July 1, 2024–June 30, 2025.
Fiscal services staff explained the AFR and the auditing process to the board. The AFR, presented by district staff, documents the district’s maintenance and operations (M&O) fund, capital outlay, classroom site fund and federal/state grant activity and is prepared to meet state reporting standards and the Arizona Uniform System of…
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