• CAFR Award

     
     
    Comprehensive Annual 
      Financial Report (CAFR)

Certificate of Achievement for Excellence in Financial Reporting

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    FINANCIAL DASHBOARD

     

    Please click here for a financial dashboard detailing the Year-To-Date expenses for the general fund.

What is a CAFR?

  • A Comprehensive Annual Financial Report (CAFR) is a set of financial statements that provide a thorough and detailed presentation of a school district's financial condition and goes beyond the minimum information necessary for fair presentation in conformity with generally accepted accounting principles (GAAP).


    A CAFR contains, at a minimum, three sections: 1) introductory, 2) financial, and 3) statistical. The financial section provides information on each individual fund and component unit. The statistical section is an important source of information regarding a school district's economic condition; many schedules include 10 years of data to allow for broader context evaluation. 

  • Meritorious Budget Award

     
     
       Budget Information

Meritorious Budget Award

  • The Association of School Business Officials International's Meritorious Budget Award (MBA) is a prestigious award that recognizes school districts that have achieved excellence in school budget presentation. By working through the MBA Criteria Checklist, the award application process also helps school business professionals build solid skills in developing, analyzing, and presenting an award-winning budget. The Matanuska-Susitna Borough School District has been a recipient of this award since Fiscal Year 2014.

     

Budget Presentations

  • Please Click Here to view the budget calendar and the current and next year budget presentations.

What is a Budget?

  • A budget is a projection of monies expected to be received (revenue) and spent (expenditures). Simply put, a budget is a spending plan which must be updated and edited as new information becomes available. In this sense, a budget is a living document like a website or a business plan.
     
    The District is required by both Alaska Administrative Code (4 AAC 09.110) and Matanuska-Susitna Borough Ordinance (3.04.020) to pass a balanced budget.