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Board accepts FY25 Annual Financial Report; district reports $54.84M M&O spending and $1.3M carryforward
Summary
The governing board approved the FY25 Annual Financial Report after a presentation that showed Maintenance & Operations expenditures of about $54.84 million, total district expenditures across funds of roughly $107–108 million, and a budget carryforward of approximately $1.3 million; staff noted $8.1 million of ESSER III funding in the grants column that will not recur.
The Phoenix Elementary School District No. 1 governing board voted to accept the district’s Fiscal Year 2024–25 Annual Financial Report (AFR) after a presentation and follow-up questions from board members.
Bella Cabot, speaking on behalf of the AFR presentation, explained that the AFR is required by statute and summarizes activity across major funds (maintenance and operations, capital/outlay, classroom site fund/Prop 301 and special revenue/grants).…
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