Leo Human, Dr Pamela Lyss-Lerman, and Mr. Ben Beinfeld Motion Carries 7-0 Clayton Revised V1 5.20.25.docx.pdf Page 5 of 7 20250430DisbReport-20250604Agenda.pdf 20250430FinancialReport-agenda.pdf 20250604SurplusProperty-revised.pdf 20250604BudgetRevisions-agenda.pdf BOE_Resolution to Disburse Checks_202450604.pdf 4.2 April 2025 Disbursement Report A report detailing disbursements for April 2025 is attached for Board approval. 4.3 April 2025 Financial Reporting This financial report provides an overview of the District’s financial activities for the period ended April 30, 2025 (10 months of FY 2025). The annual budget and this financial report are prepared on the cash basis of accounting, meaning that revenues are recognized when money is received and expenditures are recognized when checks are issued. 4.4 Surplus Property District Policy DN provides that equipment that is obsolete and no longer needed for District operations can be declared surplus by the Board of Education and properly disposed (via sale, scrap value or trash). 4.5 2024-2025 Budget Adjustments Budget revisions are periodically required to maintain compliance with policy. Various categories of adjustments are being presented for approval: 1) grant revenue/expenditures, 2) transfers of spending between funds, 3) increases to the expenditure budget, and 4) distribution of contingency allocations. 4.6 Authorization to Disburse Checks 2025-2026 issouri Revised Statutes Section 165.021 requires disbursements of funds be drawn by the treasurer of the District pursuant to orders of the Board of Education or upon orders for payment issued by the treasurer of the District pursuant to orders of the Board of Education. The following resolution authorizes the District’s Chief Financial Officer to disburse funds authorized within the District’s budget. It also requires the Chief Financial Officer to submit a listing of all checks and other disbursements to the Board of Education for formal approval monthly.