Approve Final Budget Amendment for Fiscal Year 2023-2024 Attachments: ( 5 ) Budget Amendment Budget Amendment History Budget Amendment ending May 31, 2024 Budget Amendment Explaination ending May 31, 2024 CN Budget Amendment Discussion: Since this decreases fund balance by another $3,748,173, does the 23-24  projected general fund drop by the same amount and, therefore, does the 24-25 proposed gen

Staff Report & Agenda Item Details

9.C.1.b. Approve Final Budget Amendment for Fiscal Year 2023-2024 Attachments: ( 5 ) Budget Amendment Budget Amendment History Budget Amendment ending May 31, 2024 Budget Amendment Explaination ending May 31, 2024 CN Budget Amendment Discussion: Since this decreases fund balance by another $3,748,173, does the 23-24  projected general fund drop by the same amount and, therefore, does the 24-25 proposed general fund balance drop by the same amount? How many days of operational fund balance does this revision cost the district? Response: Thank you for your question; we inadvertently left out the corresponding increase in revenue for the Teacher Incentive Allotment that corresponds to the additional TIA payouts.  We have updated the supporting documentation to reflect this. Discussion: So: therefore, does the 24-25 proposed general fund balance drop by the same amount? How many days of operational fund balance does this revision cost the district? Response: The proposed general fund balance does not drop by the same amount as both the revenue and expenditures are the same, net effect is zero.   This revision does not cost the district any operational days.