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Meeting Date:
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Category:
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Type:
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Subject:
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15.9 BUSINESS: Approval of the 2024-25 First Interim Financial Report With a Positive Certification of the Perris Union High School District's Financial Condition (no fiscal impact) |
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Strategic Plan:
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Enclosure:
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File Attachment:
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Summary:
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Education Code Sections 3503(g), 42130, and 42131 require the Board of Trustees to certify the District’s ability to meet its financial obligations for the current and two subsequent fiscal years at least twice a year. This certification is done through the interim reporting process. Interim Reports are a mechanism to evaluate ongoing State and/or District budget issues and make adjustments to the operating budget to reflect the actual activity. The reports are reviewed by the County Office of Education and the State Department of Education in accordance with the State adopted Criteria and Standards, which are contained within the Interim Report.
The 2024-25 First Interim Report is for the period ending October 31, 2024, and is being presented to the Board for action.
Candace Reines, Deputy Superintendent of Business Services, and Mimi Capistrano, Director of Fiscal Services, will give a presentation to the Board of Trustees regarding the 2024-25 First Interim Report. |
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Funding:
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Recommendation
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It is recommended that the Board of Trustees authorize a positive certification of the 2024-25 First Interim Financial Report, which certifies that based on current projections the District will meet its financial obligations for the current and subsequent two fiscal years. |
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Approvals:
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Recommended By: |
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Signed By: |
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Mimi Capistrano - Director - Fiscal Services |
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Signed By: |
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Candace Reines - Deputy Superintendent |
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Signed By: |
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Dr. Jose Luis Araux - Superintendent |
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Vote Results:
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| Original Motion | | Member Anthony T. Stafford, Sr. Moved, Member Jamie Anaya seconded to approve the Original motion 'It is recommended that the Board of Trustees authorize a positive certification of the 2024-25 First Interim Financial Report, which certifies that based on current projections the District will meet its financial obligations for the current and subsequent two fiscal years.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Anthony T. Stafford, Sr. | Yes | | Edward Garcia, Jr. | Yes | | Steve Campos | Yes | | Charles Hall | Yes | | Jamie Anaya | Yes | |
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