Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Board hears financial report, audit update and grant breakdowns
Summary
Finance staff reported student-activity disbursements, overall fund spending and an ongoing AG performance audit; grants director outlined site-level grant pots (Title I, Perkins, 21st Century, SSI and a new CSI grant) and said Title I funds were being unfrozen pending state approval.
At its Aug. 12 meeting the Baboquivari Unified School District #40 governing board reviewed a financial report that outlined student-activity disbursements, encumbrance-period rules and overall fund expenditures.
Miss Clementina Carlo (finance presenter) reported student-activity disbursements totaling $8,470.88 distributed to 22 students (about $385 each), an ending student-activities balance and small auxiliary deposits. She said the district remains in the FY25 encumbrance period and will not report FY26 figures until October or November; at the time of the memo 75.5% of the budget across funds was expended and/or encumbered, and BUSD had spent 73.39% of the budget from all funds excluding encumbrances. Carlo said there were no negative budget balances and that open purchase orders had dropped from 17 to seven.
Carlo also updated the board on a performance audit (FY2022 and a FY2024 90-day letter): requested files were uploaded July 25 and the district held a virtual meeting with the Arizona Attorney General's office on July 30; the AG's office had no further updates at the time and the district expected contact within two weeks.
Grants Director Allison Cornell gave a site-by-site rundown of grants. She described state M allocations (a $25-per-student standard approved in February and $2 per student for certain supplies), and summarized federal pots including Title I, Title VI, 21st Century Community Learning Centers, Perkins and CTE state funds. Cornell highlighted a new CSI grant for the district's alternative programs and said Title I balances will rise once the state completes approvals and unfreezes the accounts.
Board members asked no follow-up questions on the finance and grants presentations. The meeting proceeded to principal reports.
