Business Services is committed to serving the fiscal and operational needs of the Cambrian School District's departments and schools. This unit develops, monitors, and coordinates the district’s budget and accounting systems including:
• Budget Planning and Adoption
• Fiscal Reporting to federal, state and county agencies and programs
• Accounts Receivable and Payables
• Vendor Contracting Oversight
• Payroll Processing and Record Keeping
• Employee Benefits Management
• Risk Management and Insurance
• Attendance Reporting
Cambrian School District utilizes effective cash management, accounting, and auditing practices to remain compliant with generally accepted account principles and governmental account standards.
Statewide School Facilities Bond Program
During fiscal year 2016-17, the District has started a project to obtain significant funding under the new Statewide School Facilities Bond program that came into existence with the passage of Proposition 51 (2016). Under this program, and based on the work completed by staff and the consultant group - School Facilities Consultant, the District will be eligible for up to $8.55 million in new construction and modernization dollars. This is a big win for our district! Of course these dollars come with restrictions and a requirement for the District to split the cost on any approved project with the State.
Clean Audit Opinions
As of June 2015, the District has obtained a clean audit opinion each year as a district for over a decade. This means that all controls are in place and effective and that the numbers included in our annual financial reports accurately reflect the district financial position and annual results. We like to thank the entire Cambrian staff for this continued success in solid fiscal management.
Measure I Dollars Saving The District Money
On June 3, 2014, voters residing within the Cambrian School District passed Measure I. Measure I is a $39 million bond measure that authorizes funding for needed repairs, upgrades, and new construction projects to the District’s schools. Proposition 39 required a 55% majority for approval; Measure I was passed by 72.47%.
With the use of Measure I funds the District completed the construction of solar canopy structures at all 5 active school sites and the District Office. The solar canopies will produce about 85% of our electrical power needs on an annual basis. This is expected to result in the District saving over $280,000 in our first 12 month period and potentially increase each year thereafter. We expect to average over $465,000 in annual savings over the next 25 years.
Successful Refinancing Saving The Community Money
Once again the District continued its good stewardship of public dollars. In October 2013, the District was able to save taxpayers $1.14 million by refinancing a portion of other outstanding debt (the Series A 2003 Bonds). To learn more, read through the GFSI (Governmental Financial Strategies, Inc.) presentations disclosed during the Thursday, September 18, 2014 and Thursday, October 3, 2013 Board meeting.
Measure I Website
Cambrian's Master Facilities Plan