Approve Budget Amendments for the Period Ended June 30, 2009 (Business Division)

The 2008/2009 fiscal year budgets were adopted on September 4, 2008. Thereafter the budgets were amended, as necessary, and submitted to the School Board for approval in the form of budget amendments, following each period ending. This is the final budget amendment for Fiscal Year 2008/2009.

* Demonstrate best financial practices

The revenue budgets were increased/decreased to reflect the most current estimates or actual revenue received. The expenditure budgets were adjusted accordingly to reflect a balanced budget.

The budget amendments are consolidated and reflected in the year-end financial statements, which are audited annually by independent external auditors as prescribed by law. The Board will receive the audit reports when they are completed. The time of completion will vary based upon the activities of the auditors.