CORRECTION: Budget Public Inspection, Hearing, and Adoption Dates – Due Fri., Apr 26

Good Afternoon,
Please note that the Timeline for Public Hearing has been updated: Public Hearing: must be held between May 31 and June 28. SBAS will be reaching out to districts individually in the event that your submission dates were not in compliance with the Ed Code.

Regards,
School Business Advisory Services Team Santa Barbara County Education Office
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From: SBAS Communications <sbascommunications@sbceo.org<mailto:sbascommunications@sbceo.org>> Sent: Wednesday, April 3, 2024 8:48 AM To: business <business@ed9.sbceo.org<mailto:business@ed9.sbceo.org>> Subject: [Reporting] Budget Public Inspection, Hearing, and Adoption Dates – Due Fri., Apr 26
[Icon Description automatically generated] Budget Public Inspection, Hearing, and Adoption Dates for the 2024-25 Proposed Budget

Each year, our office publishes budget inspection, hearing, and adoption information for the district’s proposed budget in a newspaper of general circulation. This information must be published at least 10 days before the hearing date, but no earlier than 45 days before the final date for the public hearing. To meet this requirement, we have tentatively scheduled the legal notices to be published on Tuesday, May 21 in the Santa Maria Times.

Timeline for Inspection, Hearing, and Adoption…
* Budget Public Inspection: at least 3 working days before the public hearing
* Public Hearing: must be held between May 31 and June 28
* Budget Adoption: must occur between June 1 and July 1

Please complete the Budget Public Inspection, Hearing, and Adoption Dates Form<forms.office.com/r/L13dQ5ZgwT> (<--click link) on our Adopted Budget webpage located under Forms and Templates no later than Fri., Apr 26. This form authorizes our office to publish this information on the district's behalf and charge the district. 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>


Budget Public Inspection, Hearing, and Adoption Dates – Due Fri., Apr 26

[Icon Description automatically generated] Budget Public Inspection, Hearing, and Adoption Dates for the 2024-25 Proposed Budget

Each year, our office publishes budget inspection, hearing, and adoption information for the district’s proposed budget in a newspaper of general circulation. This information must be published at least 10 days before the hearing date, but no earlier than 45 days before the final date for the public hearing. To meet this requirement, we have tentatively scheduled the legal notices to be published on Tuesday, May 21 in the Santa Maria Times.

Timeline for Inspection, Hearing, and Adoption…
* Budget Public Inspection: at least 3 working days before the public hearing * Public Hearing: must be held between May 21 and June 28 * Budget Adoption: must occur between June 1 and July 1

Please complete the Budget Public Inspection, Hearing, and Adoption Dates Form<forms.office.com/r/L13dQ5ZgwT> (<--click link) on our Adopted Budget webpage located under Forms and Templates no later than Fri., Apr 26. This form authorizes our office to publish this information on the district's behalf and charge the district. 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>


Please Complete – Annual Financial Audit Contract

[Icon Description automatically generated] Annual Financial Audit Contract
LEAs are required to file annual financial audit contracts for the upcoming fiscal year with our office by Apr. 1.
To file your audit contract, please complete the Auditor Selection Form<sbas.sbceo.org/docs/auditorselection.html> or Charter School Auditor Selection Form<sbas.sbceo.org/docs/charterauditorselection.html> and attach a copy of your LEA’s current audit contract. The completed form and a board approved signed contract must be submitted each year, even if the LEA has a multi-year agreement.
Please refer to the SBAS Audit Webpage<sbasweb.sbceo.org/reporting/audit> for access to audit forms and additional information regarding audit contracts, including auditor rotation requirements and required audit provisions.
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>

Second Interim Budget

[A picture containing text, businesscard, stationary, envelope Description automatically generated]Second Interim Budget<www.sbceo.org/Page/1704> – Updated information has been posted on our SBAS website.
Education Code requires districts to submit a Second Interim report to our office, which reflects the financial and budgetary status of the district for the period ending Jan. 31. The Second Interim Report must be approved by the district board no later than 45 days after the close of the report period, which is Mar. 18. The information you will need to complete your Second Interim Budget is available on the SBAS Interim Reports Webpage<sbasweb.sbceo.org/reporting/interim-reports>. Please continue to check the website as resources, like the Common Message, will be posted once information becomes available.
Reminder: Immediately following board approval, please route the budget in SACS by ‘Promoting to COE for Review’ and upload supporting documents using our SBAS Uploads<sbas.sbceo.org/docs/fileuploads.shtml> webpage. Refer to our Interim Budget Submission Checklist<sbas.sbceo.org/Escape/Submissionchecklistrevisedadad.pdf> for detailed instructions.
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>

Second Interim Budget

[A picture containing text, businesscard, stationary, envelope Description automatically generated]Second Interim Budget<www.sbceo.org/Page/1704> – Updated information has been posted on our SBAS website.
Education Code requires districts to submit a Second Interim report to our office, which reflects the financial and budgetary status of the district for the period ending Jan. 31. The Second Interim Report must be approved by the district board no later than 45 days after the close of the report period, which is Mar. 18. The information you will need to complete your Second Interim Budget is available on the SBAS Interim Reports Webpage<sbasweb.sbceo.org/reporting/interim-reports>. Please continue to check the website as resources, like the Common Message, will be posted once information becomes available.
Reminder: Immediately following board approval, please route the budget in SACS by ‘Promoting to COE for Review’ and upload supporting documents using our SBAS Uploads<sbas.sbceo.org/docs/fileuploads.shtml> webpage. Refer to our Interim Budget Submission Checklist<sbas.sbceo.org/Escape/Submissionchecklistrevisedadad.pdf> for detailed instructions.
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>

Payroll Rates & Limits 2024

Attached is the Payroll Rates & Limits for 2024. The highlights are:
* The California minimum wage increases to $16.00
* IRS standard mileage rate increases to 67.0 cents per mile.
* The 403(b) and 457 contributions limits increases to $23,000, and for employees age 50 and over to $30,500.
* Medical Flex Spending Arrangement (FSA) Reimbursement increases to $3,200.
* Social Security wage cap increases to $168,600 with the contribution limit to $10,453.20.
Escape has been updated.
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>