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Agenda Item:
Q.
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4. |
CUSD
Board Agenda Item
| | Title: | Annual Third Quarter Financial Report |
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| | | | | | | | | CONTACT PERSON: | Michael Johnston | | FOR INFORMATION: | April 22, 2020 | FOR ACTION: | May 6, 2020 |
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| | | | | | | | | RECOMMENDATION: | | Accept the Third Quarter Financial Report, as submitted. |
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| | | | | | | | | DISCUSSION: | Each year, the District updates the Governing Board on the financial condition of the District, beginning with the Adopted Budget. Once the budget has been approved, the State requires two (2) additional reports to the Governing Board, which are the First and Second Interim Reports.
Clovis Unified also prepares a Third Quarter Financial Report that is based upon information as of March 31, 2020. The Third Quarter Financial Report provides an update of the General Fund, as well as Clovis Online Charter School, Adult Education, Child Development and Campus Catering.
A copy of the Third Quarter Financial Report will be provided to all members of the Governing Board with their agenda materials for the May 6, 2020, Board meeting. |
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| | | | | | | | | FISCAL IMPACT/FUNDING SOURCE: | | As noted in the forthcoming report. |
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