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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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11.30 BUSINESS: Resolution No. 25:23-24 - Authorization to Encumber Funds for 2024-25 Fiscal Year |
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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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The ability to encumber funds for a fiscal year prior to July 1st of that fiscal year is available through the financial system administered by the Riverside County Office of Education (RCOE). In certain unique circumstances, there are requirements for items to be received or services to be rendered immediately after the beginning of the fiscal year; therefore, purchase orders must be issued prior to July 1, 2024.
Authorized agents of the District will ensure that any purchase orders drawn against 2024-25 funds will also be included within the 2024-25 adopted budget presented to the Board of Trustees in June 2024. With the adoption of Resolution No. 25:23-24, RCOE will permit the District to encumber funds for the 2024-25 fiscal year prior to July 1, 2024. |
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Funding:
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This item will be included in the 2024-25 operating budget. |
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Recommendation
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It is recommended that the Board of Trustees approve Resolution No. 25:23-24 - Authorization to Encumber Funds for the 2024-25 Fiscal Year. |
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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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Grant Bennett - Superintendent |
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Vote Results:
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| Original Motion | | Member Steve Campos Moved, Member Anthony T. Stafford, Sr. seconded to approve the Original motion 'It is recommended that the Board of Trustees approve Resolution No. 25:23-24 - Authorization to Encumber Funds for the 2024-25 Fiscal Year.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | David Nelissen | Yes | | Anthony T. Stafford, Sr. | Yes | | Edward Garcia, Jr. | Yes | | Elizabeth Vallejo | Yes | | Steve Campos | Yes | |
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