The quarterly report
reflects audited fund balances and accruals which gives a more
accurate comparison of budget to actuals from this point forward.
Revenues received through July and August that apply to the prior
FY are used as the accruals. The same is true for any payments
for services or materials made in July and August for the prior
fiscal year. This process is referred to as modified accrual.
The FY06 budget and
budgets for the future are being built based on modified accrual.
The
mission of Cary Community Consolidated School District 26, in collaboration
with the community and parents,
is to empower our students to become lifelong learners.