Item Coversheet

ALAMEDA UNIFIED SCHOOL DISTRICT
BOARD AGENDA ITEM

Item Title:Adoption of the 2024-2025 Budget and Approval of Resolution No. 2023-2024.81 Designating Certain General Funds as Committed Fund Balance (5 Mins/Action)
Item Type:General Business
Background:
 

Education Code 42127(a) and (b) require that school districts file an adopted operating budget for all funds with the County Superintendent of Schools by July 1 of each fiscal year and that a Public Hearing be held prior to the adoption of the budget.  A Public Hearing on the Proposed Budget for Fiscal Year 2024-2025 was held on June 11, 2024. The Board of Education did not request any changes to the proposed budget. 

 

Tonight, staff is recommending that the Board adopt the Budget for Fiscal Year 2024-2025.

 

Further, to maintain a prudent level of financial resources to protect against the need to reduce service levels, and to comply with the requirements of the Government Standards Accounting Board (GASB) statement number 54, staff also recommends that the Board adopt Resolution No. 2023-2024.81 Designating Certain General Funds as Committed Fund Balances. This Resolution was also presented in draft form at the June 11, 2024, public hearing.

AUSD LCAP Goals:4. Ensure that all students have access to basic services.
Fund Codes:
Fiscal Analysis

Amount (Savings) (Cost):

Recommendation:Approve as submitted.
AUSD Guiding Principle:#5 - Accountability, transparency, and trust are necessary at all levels of the organization.| #6 - Allocation of funds must support our vision, mission, and guiding principles.
Submitted By:Shariq Khan, Assistant Superintendent of Business Services
ATTACHMENTS:
DescriptionUpload DateType
SACS6/7/2024Backup Material
Resolution No. 2023-2024.816/14/2024Resolution Letter
ACOE Common Message6/14/2024Backup Material
Budget Presentation from 6-11-24 Public Hearing6/7/2024Presentation