|
|
|
|
|
Meeting Date:
|
3/7/2022 - 7:00 PM
|
|
Category:
|
Business/Action Items
|
|
Type:
|
Action
|
|
Subject:
|
17.2 Resolution 21/22-28 Second Interim Budget Report and Budget Revisions for Fiscal Year 2021-2022
|
|
LCAP (Local Control Accountability Plan) Goal:
|
|
|
Enclosure
|
2021-2022 Second Interim Budget Report Presentation
3.7.22 Second Interim Budget
Resolution No. 21/22-28 - Second Interim
|
|
File Attachment:
|
|
|
Summary:
|
Education Code Section 42131 requires school districts to assess their financial status twice during the fiscal year. The first interim certification is required to be completed by March 15th, based on financial data through January 31st. The Board of Trustees must certify the interim report as positive, qualified, or negative. A positive certification indicates the school district will be able to meet its financial obligations for the current fiscal year and the two subsequent years.
See Addendum A for Second Interim Financial Report for MVLA. The report includes summary information for all funds and a multi-year projection for the General Fund. Also included in the report is a cover letter that highlights the major changes.
|
|
Funding:
|
The Second Interim Report shows that the District will be able to meet its financial obligations for the current fiscal year. The revised multi-year projection supports that the District will be able to meet its financial obligations for the two subsequent years and maintain the minimum State mandated reserve requirement of 3%.
|
|
Recommendation:
|
That the Board of Trustees certifies that the District will be able to meet its financial obligations for the 2021-2022 fiscal year and adopt Resolution No. 21/22-28 Budget Revisions, authorizing the recommended budget adjustments.
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Irene Aguilar - Administrative Assistant
|
|
|
Signed By:
|
|
|
Mike Mathiesen - Associate Superintendent
|
|
|
Signed By:
|
|
|
Nellie Meyer - Superintendent
|
|
|
|
|
Vote Results:
|
| Original Motion | | Member Fiona Walter Moved, Member Sanjay Dave seconded to approve the Original motion 'That the Board of Trustees certifies that the District will be able to meet its financial obligations for the 2021-2022 fiscal year and adopt Resolution No. 21/22-28 Budget Revisions, authorizing the recommended budget adjustments.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Phil Faillace | Yes | | Sanjay Dave | Yes | | Debbie Torok | Yes | | Catherine Vonnegut | Yes | | Fiona Walter | Yes | |
|
| New Motion | | Member Fiona Walter Moved, Member Sanjay Dave seconded to approve the New motion 'Approve certification that the District will be able to meet its financial obligations for the 2021-2022 fiscal year and adopt Resolution No. 21/22-28 Budget Revisions, authorizing the recommended budget adjustments.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Sanjay Dave | Yes | | Fiona Walter | Yes | | Catherine Vonnegut | Yes | | Phil Faillace | Yes | | Debbie Torok | Yes | |
|
|
|
|
|
|
|