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Phoenix Elementary board accepts FY2024 audit, adopts May 2025 budget revision
Summary
The district accepted a clean fiscal year 2024 audit and approved a May revision to the FY2025 budget after a presentation by the auditors and the chief financial officer. The revision increased projected expenditures and reflected higher-than-expected carryforward and ADM.
The Phoenix Elementary District governing board accepted the fiscal year 2024 audit and adopted a May 2025 revision to the FY2025 budget at its May 8 meeting.
An audit presenter identified as Daryl reviewed the district’s four audit documents: the annual financial report, the single audit of federal programs, governance communication and the USFR compliance questionnaire. The auditors issued an unqualified (clean) opinion on the annual financial report and a clean opinion on the single audit of tested federal programs; auditors tested special education and ESSER funds. Daryl said the…
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