The commission has investigated Ashjian since the middle of his term on the FUSD board, which lasted from 2014 to 2018.
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They determined Ashjian failed to timely disclose about 35 sources of income on his Assuming Office, and his 2015 Annual Statement of Economic Interests. He amended those in September 2016.
He also failed to disclose 15 real property interests, which he revealed in May and September 2017.
"In 2015, 2016, and 2018, as a member of the Board, Ashjian participated in certain governmental decisions involving these financial interests," FPPC investigators reported.
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The votes involved a $2.5 million contract with Mark Wilson Construction, $9.2 million with Bush Construction, a $5.2 million school construction project 377 feet away from one of his properties, and a banking contract with Bank of the West.
Ashjian stipulated to the FPPC's findings. The stipulation includes an agreement on the facts of the case, an admission of violations, and agreement on the $23,500 penalty.
The commission will vote on whether to approve the fines at a meeting next week.
Ashjian has not responded yet to a request for comment from ABC30.
This year, judges dismissed two lawsuits filed against Ashjian by Fresno Watchdogs for Ethical Bidding - one got thrown out and the other was dropped by the self-proclaimed watchdog group.