The 2011-12 fiscal year books have been closed and unaudited actuals have been prepared in the Standardized Account Code Structure format for the board’s review and approval. The unaudited actuals reflect both the amount of revenue received and the amounts expended by the district over the course of the 2011-12 fiscal year.

 

Per Education Code Section 42100, districts must submit their approved unaudited actuals to their county education office prior to September 15 of the subsequent fiscal year. The unaudited actuals depict the district’s ending fund balance (i.e. reserve) and any designations the board has identified within the reserve. 

 

At the time our fiscal year 2012-2013 budget was adopted, our estimated actuals projected the unrestricted ending fund balance in the general fund to be a little over $4.6 million or 3.8 percent. Based on our actual close, staff has now revised that number to be roughly $7 million or 5.1 percent.