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Gilbert Public Schools board revises 2-year-old financial report

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The Gilbert Public Schools Governing Board approved a revision to its annual financial report from fiscal year 2021-22 at its Sept. 26 meeting. 

The revision from two years ago relates to funds associated with Individuals with Disabilities Education Act and comes in an area meant to verify IDEA “maintenance of effort” — a requirement that obligates any public education agency receiving the funds to budget and spend at least the same amount of state and local funds for the education of children with disabilities on a year-to-year basis. 

The original AFR reported the district’s expenditures total for disabilities classifications was $48.38 million, while the revision put the number at $48.9 million. 

The change decreases the maintenance and operations budget balance carry forward by the difference of $520,000 into fiscal year 2022-23 and then 2023-24, but it will increase the carry forward for IDEA funds by that amount, Associate Superintendent Bonnie Betz said.

As a result, Betz said there is no economic impact to the district’s available resources from the change, which the board accepted on a 5-0 vote.

Tom Blodgett can be reached by email at tblodgett@iniusa.org or follow him @sp_blodgett on X. We would like to invite our readers to submit their civil comments, pro or con, on this issue. Email AZOpinions@iniusa.org.

Gilbert Public Schools Governing Board, Bonnie Betz

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