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Meeting Date:
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6/15/2022 - 3:30 PM
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Category:
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Action Items
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Type:
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Action
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Subject:
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14.17 BUSINESS: Adoption of the 2022-23 District Budget and Resolution No. 41:21-22 - Resolution of the Board of Trustees of the Perris Union High School District Designating Certain General Funds as a Committed Fund Balance
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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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In accordance with Education Code Section 42127, on June 6, 2022, the Board of Trustees held a Public Hearing regarding the District's Budget for the 2022-23 fiscal year. Prior to opening the Public Hearing, the Board, the public, and all other interested parties heard a report that provided factors used in developing the budget, the District's current financial condition, multi-year financial projections, and other relevant factors.
Pursuant to the Board's previously adopted fund balance policy, the Board may designate a portion of their reserves as a committed fund balance. The committed fund balance does not fall within the local reserve cap of 10%. Resolution No. 41:21-22 authorizes a committed fund balance for 2022-23.
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Funding:
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No fiscal impact.
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Recommendation:
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It is recommended that the Board of Trustees adopt the 2022-23 District Budget and Resolution No. 41:21-22 - Resolution of the Board of Trustees of the Perris Union High School District Designating Certain General Funds as a Committed Fund Balance.
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Approvals:
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Recommended By:
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Signed By:
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Alisha Underwood - Director of 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 Dr. Randall Freeman Moved, Member Elizabeth Vallejo seconded to approve the Original motion 'It is recommended that the Board of Trustees adopt the 2022-23 District Budget and Resolution No. 41:21-22 - Resolution of the Board of Trustees of the Perris Union High School District Designating Certain General Funds as a Committed Fund Balance.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0. | | The motion Carried 4 - 0 | | | | | Anthony T. Stafford, Sr. | Yes | | David Nelissen | Yes | | Elizabeth Vallejo | Yes | | Dr. Randall Freeman | Yes | |
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