When is the second interim due to the board?

When is the second interim due to the board?

• A. March 1
• B. February 15
• C. January 15
• D. March 15

Answer: (D)

The main idea is that districts have formal interim budget reporting deadlines to update the board on financial status and certify it to the county. The second interim is the mid-year update that revises revenue and expense projections and the multi-year forecast through the next two years, and it must be submitted by March 15. This timing places it after the first interim (around December) and before the final budget revision. The other dates fall before this mandated deadline, so March 15 is the correct due date.

The main idea is that districts have formal interim budget reporting deadlines to update the board on financial status and certify it to the county. The second interim is the mid-year update that revises revenue and expense projections and the multi-year forecast through the next two years, and it must be submitted by March 15. This timing places it after the first interim (around December) and before the final budget revision. The other dates fall before this mandated deadline, so March 15 is the correct due date.