Item Coversheet
AGENDA - September 10, 2020

5.0

BUSINESS AND FISCAL MANAGEMENT

5.2  Adopt 2019-20 Unaudited Actuals SACS Financial Report  (Action)
 

Background Information:

Pursuant to Education Code 42100, on or before September 15, the governing board of each district shall approve, in a format prescribed by the Superintendent of Public Instruction, an annual statement of all receipts and expenditures of the District for the preceding fiscal year and shall file the statement with the County Superintendent of Schools.

 

Unaudited Actuals reports the final revenues and expenditures for the district for the 2019/2020 fiscal year prior to the final review of the District's financial transactions by the independent auditors.  The Unaudited Actuals Financial report is provided under separate cover and is available for review at the District Office located at 201 Sixth Street, Coronado, CA 92118.

 

The ending balances in the report reflect the actual spending of all sites and departments.  Any adjustments to these unaudited ending balances will be made by the District's external auditors and presented to the Board of Education by January 2021.

Reports:
Staff will provide an overview of the Unaudited Actuals report. 
Financial Impact:
The accompanying financial statements reflect Coronado Unified School District's financial position as of June 30, 2020.

Superintendent's Recommendation:

That the Board adopt the 2019-20 Unaudited Actuals SACS Financial Report.
Moved________________________________Seconded_______________________________


Ayes__________Noes____________Absent_________Abstain________Student___________


COMMUNICATION: Communicate openly, freely and accurately to engage and involve all shareholders:

3. Informative Communication to the CUSD Community