Budget Information
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- Kyrene School District
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Financial Data
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The District creates and revises the budget throughout the school year. Once the year is completed, the District will prepare an Annual Financial Report (AFR) that will reflect the revenues and expenditures that occurred during the fiscal year (July 1 - June 30). The format and submission deadlines for these files are governed by Arizona Revised Statutes. The AFR is audited by the District's auditing firm, Heinfeld & Meech (H&M). H&M then assists the District with the preparation of the Annual Comprehensive Financial Report (ACFR). In addition to financial data, the ACFR contains financial analysis of District funds, a narrative with a description of the funds, District financial awards and demographic data. The AFR is also submitted to the Arizona Department of Education (ADE) where it is compiled with other information to create the Superintendent's Annual Financial Report (SAFR).The AFR is also submitted to the Auditor General's Office who compiles information from all of the Arizona Districts. The Auditor General's Office uses the information from the School Districts to create the Classroom Spending Report. This report compares the spending patterns and achievement of each District by grouping Districts into peer groups.All of these reports can be accessed in the table below.Proposed BudgetInitial planned expenditures of the District based on anticipated revenues and defined Budget Limits. This file must be submitted to the Arizona Department of Education by July 5.Adopted BudgetThe official adoption of the Proposed Budget based on input from the community during a Public Hearing. This file must be submitted to the Arizona Department of Education by July 15.Adopted 2014-15Revised BudgetThe most current budget for the fiscal year which reflects any changes in revenues and/or expenditures. The final revision must be submitted to the Arizona Department of Education by May 15. There are some provisions for revising after the deadline.Annual Financial Report (AFR)The actual revenue and expenditures completed after the end of the fiscal year. This file must be submitted to the Arizona Department of Education by October 15. There are some provisions for revising the file after the deadline.Annual Comprehensive Financial Report (ACFR)The audited financial statements of the District completed with a narrative to help provide a greater understanding. This report is typically released in January.Superintendent's AFR (SAFR)This report compiles data from multiple sources, primarily the District's AFR. Kyrene's page from Volume II is linked but you can find the complete report at www.azed.gov. This report is typically released in January.Classroom Spending ReportAn independent analysis of spending in Arizona School Districts performed by the Auditor General's Office in accordance with Proposition 301 (2000). This report is released in March but is based on data from the previous year. These reports are listed under the financial year that they are based on, not the release date.
Last Modified on July 20, 2023
