Title and Board Action Requested
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Approval to Accept the 2021-2022 Annual Comprehensive Financial Report
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Executive Summary
The Director of Finance on behalf of the Superintendent of Schools, hereby requests the Board approve the Annual Comprehensive Financial Report.
The Governmental Accounting Standards Board (GASB) has stated that governmental entities should publish an Annual Comprehensive Financial Report.
The Annual Comprehensive Financial Report serves as the School District's official annual report and contains introductory, financial, statistical and compliance sections. It provides useful information for taxpayers, bond holders and rating agencies, as to the financial condition of the School District.
The Annual Comprehensive Financial Report includes the audit report for the fiscal year that ended June 30, 2022.
The Annual Comprehensive Financial Report submission deadline was December 31, 2022 to the Government Finance Officers Association (GFOA). The district received an extension to submit the Annual Comprehensive Financial Report by February 28, 2023.
My Contact
Joyce M. McIntyre
Director of Finance
(352)797-7004 ext 438
2018-23 Strategic Focus Area
Pillar 5: Fiscal Responsibility & Organizational Effectiveness
Financial Impact
The cost for the GFOA Certificate of Achievement for Excellence in Financial Reporting Award Program is $910.
If expenditure is not currently budgeted, this will serve as the budget amendment when Board approved. If the agenda item includes the purchase of goods or services, the funds requested are an anticipated amount and may fluctuate depending on such factors as current market conditions, product availability, additional funding sources, and the needs of the District. Should the actual cost exceed the anticipated amount, the Board approves the additional cost, after review by the superintendent, but not in excess of the funds available in the site’s approved annual budget.