01-21-2014 Regular School Board Meeting
Agenda Item #19


Title
Financial Statements with Budget Amendment Resolutions for the Operating Fund and Special Revenue Food Service Fund

Discussion

The School Board Financial Statements reflect the status of revenue received and expenditures as compared to approved or amended budgets.  The Financial Statements submitted for the Board's consideration are for the period ending November 30, 2013.

In addition, the budget amendments are submitted for the following:

1.   Operating Fund Budget Amendment Resolution #3

Operating revenue (pages 1-2) has increased by $103,703 since the previous budget amendment.  Major changes plus or minus $100,000 are listed below:

Miscellaneous Local $103,703

Appropriations, however have increased or decreased based on budget amendments done by individual schools and departments.

2.   Special Revenue Food Service Fund Budget Amendment - Resolution #1

Expenditure budget has increased due to the following:

   1.   The labor and fringe budget has increased due to the addition of vacant positions. 

   2.   The remaining expenditures have increased due to the posting of encumbrances/carry forward.



Recommendation
Approve the November 30, 2013 Financial Statements, Resolution #3 for the Operating Fund, and Resolution #1 for the Special Revenue Food Service Fund.

Meeting Date(s)
Consent w/o Information - 1/21/2014

Authority for Action
F.S. 1010.02, 1001.02, 1001.02(1)

Involves Expenditure of Funds Directly in the Classroom
No

Source of Funding
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program

Contact

Kathy Jackson, Accounting Manager, ext. 674

Jo Ann Clark, Director of Accounting Services, ext. 660

Karen Strickland, Director of Planning, Budgets, and Reporting, ext. 610

Judy Preston, Associate Superintendent of Financial Services, ext. 600




Attachment:  FY14 Operating Fund Budget Amendment - Resolution #3 - November 30 2013.pdf
Attachment:  FY14 Special Revenue Food Service Fund Budget Amendment - Resolution #1.pdf
Attachment:  FY14 November Operating Fund Budget Amendment Explanations.pdf
Attachment:  FY14 November Financials.pdf