Agenda Item
H.01. Approval of the Fiscal year 2008-09 Unaudited Actuals Financial Report in standardized Account Code Structure (SACS) Series Forms (Education Code Section 42100) (Board Governance Policy: OE-6)
Meeting:	09/08/2009
Category:	H. DISTRICT OPERATIONS MONITORING
Agenda Type:	Action (Consent)	Preferred Date:
Fiscal Impact:	No	Absolute Date:
Dollar Amount:	$0.00	Budgeted:
		Budget Source:

FISCAL IMPACT: The fiscal year 2008-09 unaudited actuals financial report shows an total general fundending balance of $160.6 million. Compared to the 2008-09 adjusted beginning balance of $119.8 million, this reflects surplus spending of $40.8 million.

The 2008-09 ending balance of $160.6 million rolls into the beginning balance for the adopted 2009-10 budget. The 2009-10 budget was adopted with a projected beginning balance of $134.1 million.

BACKGROUND: On May 20, 2003, the board approved the single adoption cycle for the district. The board adopted the 2008-09 budget on June 23, 2009. Under the single budget adoption cycle,California Education Code, Section 42100 states that on or before September 15, the governing board of each school district shall approve, in the format prescribed by the Superintendent of Public Instruction, the unaudited actual financial report of the district for the preceding fiscal year.

[Originator/Contact: James Masias, Chief Financial Officer, 619.725.7561, jmasias@sandi.net]