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Tempe Union outlines FY22—1 financials, fund-reserve targets and bond activity; board approves report
Summary
Finance staff presented FY22—2 spending of about $180.3 million, M&O at roughly $105.7 million, fund-reserve targets tied to override amounts, and noted a $100 million bond authorization (first sale $45.4 million); the board approved the annual financial report and a contract for bond project services unanimously.
Finance staff presented the Tempe Union High School Districtannual financial report and a new AFR tab requiring districts to explain fund-balance reserves.
The presenter summarized FY22—2 district expenditures at a little over $180.3 million and said the maintenance and operations (M&O) fund accounted for approximately $105.7 million (about 58.6% of total). Other categories included unrestricted capital outlay (~$13.5 million), debt service (~$7.2 million), classroom site fund (~$11.0 million) and additional "other" funds such as CTE, food service and student…
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