FY 2024 Prop 123 And One Time State Aid Supplemental Payment 1
Tue, Nov 28 2023 •
Hot Topics
Payment Hot Topics
The $75 million additional funding provided by Proposition 123 (Laws 2015, 1st Special Session, Chapter 1) for FY 2024 will be distributed in two payments: $37.5 by November 30,2023 and $37.5 million in May 2024.
Reminder: Payment 6 will be based on data captured that is passing integrity and generating ADM in AzEDS. Actual data in AzEDS will be used to calculate ADM for Payment 6.
In accordance with A.R.S. §15-905(E), the FY 2024 BUDG-25 Budget Verification Letters are now published. Letters are based on the most recent BUDG-25 Budget Verification reports, which have been calculated using the October BSA 55 information. These letters contain the official notification if a FY 2024 December revision is required as of the date of the letter.
Correcting AFRs and School-Level Reports For FY23 AFR & FY24 Budget Files & Later
Tue, Oct 24 2023 •
Budget Hot Topics
Hot Topics
Data submitted through the Annual Financial Report (AFR) and School-Level AFR is used to meet various state and federal reporting requirements. School Finance has been made aware of values that appear to have been reported incorrectly by certain districts and charters. It is possible to submit corrections to the AFR and School-Level AFR by following the appropriate process.
BUDG-25 reports for all school districts have been posted to the School Finance website. FY 2024 October BUDG-25 reports have been calculated using the FY 2024 October BSA-55 information.
