Category: Reporting

[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>

[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>

[A picture containing text, businesscard, stationary, envelope Description automatically generated] Financial Audit Report – Annual audit due dates, forms and information has been updated on the SBAS website.
Education Code requires LEAs to file the annual financial audit report for the preceding fiscal year with our office, the State Controller’s Office (SCO), and the California Department of Education (CDE) by Dec. 15. Important information and resources regarding the district’s Financial Audit Report are now available on the SBAS Audit Webpage<sbasweb.sbceo.org/reporting/audit>, including:
* Annual Audit Timelines * Audit Report Filing * Audit Extensions (Audit Extension Request Form<sbas.sbceo.org/docs/auditextension.html>) * District Board Review (Financial Audit Certification<sbas.sbceo.org/docs/financialauditcertification.html>, Charter School Audit Review<sbas.sbceo.org/docs/charterschoolauditreview.html>) * Corrective Actions and Audit Adjustments * Audit Contract Requirements (including Auditor Rotation Requirement and Required Audit Provisions) * Hot Topics
This page will be updated throughout the year if additional information becomes available.
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>

[A picture containing text, businesscard, stationary, envelope Description automatically generated] First Interim Report<www.sbceo.org/Page/1704> – Updated information has been posted on our SBAS website.
Education Code requires districts to submit the First Interim Report to our office, which reflects the financial and budgetary status of the district for the period ending Oct. 31. The First Interim Report must be approved by the district’s board no later than 45 days after the close of the report period, which is Dec. 15. The information you will need to complete your First Interim Budget is now available on the SBAS Interim Reports Webpage<sbasweb.sbceo.org/reporting/interim-reports>. Please continue to check the website since additional resources, like the P-1 J-29 Property Tax Report, will be posted once information becomes available.
Reminder: Immediately following board approval, please route the budget in SACS Web by ‘Promoting to COE for Review’, then upload supporting documents using the SBAS Upload<sbas.sbceo.org/docs/fileuploads.shtml> page. For detailed instructions, please refer to our Interim Budget Submission Checklist<sbas.sbceo.org/Escape/Submissionchecklistrevisedjwdsjw.w.link..pdf>.
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>

Dear School Business Officials,
Below, please find the preliminary calculation from the Santa Barbara County Treasurer-Tax Collector of Fair Market Value (FMV) as of June 30, 2023. We are providing the preliminary numbers to allow districts time to review the calculations with your auditors and post your FMV entries in Escape prior to completing the Year End Soft Close. Once the Santa Barbara County Treasurer-Tax Collector provides the formal GASB 31 letter, it will be posted on the SBAS Website, Audit<sbasweb.sbceo.org/reporting/audit> page.
As an external participant of the Santa Barbara County Pooled Treasury Investment Fund, your district will need the fair market value to prepare your financial statements in accordance with Statement 31 of the Governmental Accounting Standards Board (GASB) for the year ended June 30, 2023.

Please contact your Auditor or District Financial Advisor with any questions regarding posting FMV adjustments as part of the Year End Close process.
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>