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Finance update: FY25 closeout, bank reconciliations and business program review outlined
Summary
District finance staff reported FY25 closeout activities including bank‑statement reconciliation and payroll adjustments after staff departures slowed bookkeeping; a business program review of Infinite Visions recommended web portal access, a chart‑of‑accounts cleanup, position budgeting and employee access workflows.
Dr. Gilson and Dr. Smith gave the committee a status update on FY25 closeout work and the district’s recent business program review of its financial software.
Dr. Gilson described July–August work to finalize FY25 expenditures and encumbrances and to reconcile payroll and grants. "We spent July and August closing out POs, expending incoming and paying bills that were still remaining from the FY25 fiscal year," he said, and added that the major ongoing task is reconciling bank statements with the district’s Infinite Visions financial system.
He…
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