As part of the consent agenda, the board is considering third reading and adoption of several finance- and grants-related policies, including Fund Balance and Accounting (GASB 54), Consistency of Application of Federal Funding During Closure, Federal Grant Financial Management System, Allowable Uses of Grant Funds and related sub-policies, and Fraud and Theft Prevention. These policies indicate the district is tightening its framework for managing federal and other grant funds. Aligning policies with GASB and federal grant rules often precedes or accompanies upgrades to financial management systems, internal controls, and reporting tools. This creates opportunities for vendors in grant accounting software, time-and-effort tracking, compliance training, and internal audit support to help the district implement and operationalize these policy changes.

Key policies include 0815, 0819, 0893, 0894, 0894.1, 0894.2, and 0895 relating to grants and financi...