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Casa Grande Elementary board approves annual financial report, ASBA bylaw changes; bond and override funds update
Summary
The Casa Grande Elementary School District governing board on Oct. 8 approved the district—s 2023-24 Annual Financial Report, received an update on voter-approved override and bond spending and voted to accept proposed changes to the Arizona School Boards Association bylaws.
The Casa Grande Elementary School District governing board on Oct. 8 received the district—s annual update on voter-approved override and bond spending, approved the 2023-24 Annual Financial Report (AFR) and voted to accept proposed changes to the Arizona School Boards Association (ASBA) bylaws.
Tammy Blomquist, the district—s director of finance, presented the required override- and bond-expenditure update and the AFR. Blomquist said the district—s 10% maintenance and operations (M&O) override produced about $4,600,000 in budget capacity in fiscal year 2024 and is expected to bring an estimated $4,700,000 in fiscal year 2025. The M&O budget for FY2025 was reported as $59,915,055; the capital budget was $6,244,605. Average daily membership for FY24 was reported at 6,174.98 students.
On the bond side, Blomquist said total bond capacity is $44,660,000, with $40,000,000…
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