Agenda Item #12
Financial Statements with Budget Amendments for the Period Ending December 31, 2010
The School Board receives Financial Statements which 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 December 31, 2010
In addition, the following budget amendments are submitted for Operating, Capital, and Debt Service Funds:
1. Operating: Revenue has increased by $100,000 since the last budget amendment
Misc Local Revenue $100,000
Appropriations have changed to reflect budget adjustments made by schools and departments.
2. Capital: Revenues have decreased by $129,400 based on current estimates of interest revenue due to the prevailing rates.
Appropriations reflect requested budget adjustments between projects and objects.
3. Debt Service: The beginning fund balance has been adjusted to reflect an interest revenue accrual of $295,586 booked after the budget was adopted and before the audited financial statements for FY 2009-10 were final.
Approve the December 31, 2010 Financial Statements, Resolution 4 for the Operating Budget, Resolutions 5 - 8 for the Capital Budget, and Resolution 1 for Debt Service
Consent w/o Information - 2/8/2011
Authority for Action
F.S. 1010-01, 1001.02, 229.053(1), 237.02
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Agenda Item will not Require the Expenditure of Funds
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: December 2010 Financials.pdf
Attachment: December 2010 budget amend explanations.pdf
Attachment: Operating Fund Budget Amendment #4.pdf
Attachment: Capital Funds Budget Amendments #5-8.pdf
Attachment: Debt Service Budget Amendment #1.pdf