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Washington Elementary presents 2024–25 annual financial report; board questions carryover and county tax repayment
Summary
Daniel O’Brien, the district finance presenter, reviewed the Washington Elementary School District’s 2024–25 Annual Financial Report at the Oct. 9 virtual governing board meeting and highlighted major funds, recent coding corrections and how federal‑grant reimbursements affect year‑end balances.
Daniel O’Brien, the district finance presenter, reviewed the Washington Elementary School District’s 2024–25 Annual Financial Report at the Oct. 9 virtual governing board meeting and highlighted major funds, recent coding corrections and how federal reimbursement grants appear as negative balances at fiscal year-end.
O’Brien told the board, “This evening, we will be recommending the 2425 annual financial report or also called AFR,” and said the report follows forms required by the Arizona Auditor General and the Arizona Department of Education. He summarized the district’s maintenance and operation fund as the largest source for salaries and benefits, described capital and bond funds, and flagged several accounting-code corrections that affected percentage changes in the report.
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