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Sierra Vista Unified board approves 2024–25 annual financial report amid questions about M&O cash deficit
Summary
The Sierra Vista Unified School District governing board voted to approve the district's 2024'25 annual financial report after a presentation from Heinfeld, Meech & Co. that highlighted a $57 million total expenditure figure and a negative cash balance in the Maintenance & Operations fund that staff said requires further investigation.
The Sierra Vista Unified School District governing board on Oct. 1 approved the district's 2024'25 annual financial report following a presentation from a financial consultant who flagged a deficit cash balance in the district's Maintenance and Operations (M&O) fund.
Sarah Kirk, a financial consultant with Heinfeld, Meech & Co., told the board the annual financial report (AFR) summarizes district accounting for the period July 1, 2024, through June 30, 2025, and will be submitted to the Arizona Department of Education as required by Arizona Revised Statutes A7 15-904. The board voted to approve the AFR for submission and posting on the district website; the motion passed 5-0.
Kirk said the AFR shows total reported expenditures for fiscal year 2025 of about $57 million. She highlighted several fund-level figures: M&O expenditures of about $35.6 million against an M&O budget of roughly $38…
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