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Phoenix Elementary board approves FY25 annual financial report showing $54.8M in M&O spending and $1.3M carryforward
Summary
The board accepted the FY25 Annual Financial Report; staff reported M&O expenditures of about $54.84 million, total district expenditures near $108 million and noted $8.1 million in ESSER III one-time funds will not recur next year.
The Phoenix Elementary District governing board voted to accept the district’s fiscal year 2025 Annual Financial Report.
A district presenter summarized the AFR’s scope and compliance obligations, citing statute 19-904 and the Uniform Standards of Financial Records (USFR) and Education General Requirements (EGR) for federal funds. The presenter said FY25 maintenance and operations (M&O) expenditures were about $54,840,000,…
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