| | | | | | | | Meeting Date:
| December 15, 2020 | Agenda Item:
| Request Approval of 2020-21 First Interim Report | Responsible Staff:
| Todd Lile, Superintendent
Arelis Garcia, Chief Financial Officer | Agenda Placement: | New Business | Effective Dates: | 12/15/2020 |
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| | | | | | | | California Education Code 42130 states that each school district shall submit two reports to the governing board of the district during each fiscal year. The first interim report shall cover the financial and budgetary status of the district for the period ending October 31. The second interim report shall cover the period ending January 31. It is a requirement to receive approval from the school district’s governing board no later than 45 days after the close of the period being reported. Reports are required to be in a format prescribed by the Superintendent of Public Instruction (SPI) and based on standards and criteria for fiscal stability adopted by the State Board of Education pursuant to Ed Code 33127. The District is responsible for making these reports and the supporting documentation available for public review. |
California Education Code 42131 requires the governing board of each school district to certify, in writing, within 45 days after the close of the period being reported, obligations for the remainder of the fiscal year and, based on current forecast, for the subsequent fiscal year. Certification should be classified as positive, qualified, or negative.
First Interim packets will be made available to Board Members after December 4, 2020. Packets will also be available at the District Office for public viewing. |
The assumptions used in the report are provided on the enclosed Multi-Year Assumptions. |
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Community Compact Core Values These questions frame our decisions when considering expenditures and initiatives. We want our budget, programs, and priorities to be aligned to our vision, mission, goals, beliefs, and values to ensure we're moving the district in a positive direction our community and trustees believe in and support.
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Equity Before Equality Will this prioritize Equity?
| | Student Centered Is this focused on students' needs? | | Collaborative Culture Will this facilitate a collaborative culture?
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X |
Excellence for All Will this promote excellence for all?
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Learning Organization Will this further the development of our learning organization?
| | Community Relationships Will this foster and deepen relationships with our community partners? | | Results Oriented Will this be measured effectively and results oriented?
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HONESTY + COMPETENCY = TRUST
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Madera Unified Strategic Goals Check the LCAP Pillar supported by this item.
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X |
Pillar 1:
Equitable access to rigorous high-level programs
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Pillar 3:
Safe and healthy environments for learning and work
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Pillar 2:
Data-driven professional learning and collaboration
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Strong relationships with families and community
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Governing Board of Trustees' Goals
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X | Clarity and Consistency at All Levels
| X | Excellence in All Things
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X | Changing Perceptions & Mindsets of Staff and Community
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| | | | | | | | This item complies with the following Board Policy(ies) and Board Bylaw(s): |
This items fulfills/complies with Board Policy through the following ways: |
The Governing Board is committed to ensuring public accountability and the fiscal health of the district. The Board shall adopt sound fiscal policies, oversee the district's financial condition, and continually evaluate whether the district's budget and financial operations support the district's goals for student achievement. |
Superintendent's Recommendation to the MUSD Governing Board of Trustees: |
The Superintendent recommends the Board a Positive Certification of the First Interim Report based on the new Local Control Funding Formula (LCFF). Madera Unified School District will meet its financial obligations in the 2019-20 and 2020-21 fiscal years based on the current assumptions. |
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