Author: sbas

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SAVE THE DATE: Upcoming School Business Official’s meeting on October 15 at Lompoc USD

Dear School Business Professionals,
Please SAVE THE DATE for our upcoming SBO Meeting Tuesday, October 15 at 10:30 a.m. to 12:30 p.m. in person at Lompoc Unified School District 1301 N A St, Room P19 Lompoc. Please note there will NOT be a remote participation option.
The Agenda will be forthcoming as the date gets closer.
*Lunch will be provided by SBCEO the menu will be forthcoming as the date gets closer.*

Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
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Fair Market Value (GASB 31)

Dear School Business Officials,
The Santa Babara County Treasurer has released information necessary to calculate the fair market value of your deposits in the pool as of June 30, 2024, which is required to prepare your financial statements in accordance with GASB 31. You can access their official correspondence on the SBAS Year-End Close Webpage<sbasweb.sbceo.org/finance/year-end-close>.
Please contact your Auditor or District Financial Advisor with any questions regarding posting FMV adjustments.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>

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Upcoming Current Expense of Education (CEA) update

Dear School Business Officials,
Please mark your calendars for the upcoming Current Expense of Education (CEA) meeting on Friday, August 23, 10am to 11am, via zoom. The zoom link will be forthcoming the week of the meeting.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>
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2023-24 J-29 P-Annual Property Tax Summary

Dear School Business Professionals, The 2023-24 J-29 P-Annual Property Tax Summary is now posted on our website on the Year-End Close<sbasweb.sbceo.org/finance/year-end-close> page. Important notes about this Property Tax Report The items below represent significant changes from the prior reporting period P-2 to P-Annual. * Column A-6: Prior Year Revenue is greater than P-2 due to higher than anticipated Escape Assessment Levied in the later part of the fiscal year. * Column A-9: ERAF allocation projected to be higher than in P-2 due to higher than anticipated Escape Assessments levied and apportioned. * Out-of-County Taxes are only reported at P-Annual and are shown on this report for you to update your budget.
Note: Prior Year collections should be taken into consideration when developing your budget since some are one-time sources and should not be carried forward as ongoing revenues in future years. If you have any questions regarding the 2023-24 P-Annual Property Tax Report, please contact Alejandro Baeza at (805) 964-4711 x5372 or abaeza@sbceo.org<mailto:abaeza@sbceo.org>. Regards, School Business Advisory Services Team Santa Barbara County Education Office
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Annual Notification – Commercial Warrant Audits

Dear School Business Officials,
This is an Annual Notification regarding Commercial Warrant Audits. Information is included year-round for your reference, including notification for districts to provide itemized invoices and other backup documentation with items selected for audit. Please refer to the Accounts Payable Manual<sbasweb.sbceo.org/purchasing/accounts-payable-manual> for additional details. The districts retain the legal duty for ensuring that all payments are legitimate obligations of the district and maintaining the appropriate detailed records.
Thank you for keeping in mind the 5pm Submission Day schedule, for your individual district, as this is critical in making sure we have adequate time to audit, print and deliver your commercial warrants.
Please contact Alejandro Baeza, Finance Systems Supervisor, with any questions that you may have at abaeza@sbceo.org<mailto:abaeza@sbceo.org> or (805) 964-4711 x5372.
Please click on the following links for information related to A/P Processing:
* SBAS Accounts Payable Processing<sbasweb.sbceo.org/purchasing/accounts-payable-processing>
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>

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Common Message for the 45-Day Revise

Dear School Business Professionals,
Just received today…
As promised, please find the Common Message for the 45-Day Revise<sbasweb.sbceo.org/reporting/forty-five-day-budget-revision> on the SBAS website for additional information and guidance related to budget preparation. We hope you find this useful as you continue to refine district budgets.
Thank you.
Regards,
School Business Advisory Services Team Santa Barbara County Education Office
Note: This message was sent on behalf of the School Business Advisory Services Team. Please do not respond to this message. Replies will be routed to an unmonitored mailbox.
To unsubscribe, click here<mailto:sbasfinance@sbceo.org?subject=Unsubscribe>.
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