02-09-2010 Regular School Board Meeting
Agenda Item #13


Title
Financial Statements with Operating and Capital Budget Amendments for the period ending December 31, 2009

Discussion

Financial Statements: Financial Statements reflect the status of revenue received and commitments (encumbrances and expenditures) as compared to the adopted or the amended budget.  The Financial Statements submitted for the Board's consideration are for the period ending December 31, 2009.

Operating Fund Budget:  Revenue has not changed since the last budget amendment.  Appropriations, however, have changed overall to reflect budget adjustments made by schools and departments.

Capital Fund Budget:  Budget adjustments are primarily attributable to the reduction in estimated interest revenues due to the economic downturn of the financial markets.  Other changes reflect budget adjustments between accounts.



Recommendation
Approve the December 31, 2009 Financial Statements, Resolution #3 to amend the Operating Budget, and Resolutions #1 - 3 to amend the Capital Budget.

Meeting Date(s)
Consent w/o Information - 2/9/2010

Authority for Action
F.S. 1010.01, 1001.02, 229.053(1), 237.02

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




Attachment:  December Financials.pdf
Attachment:  Operating Budget Amendment - Dec.pdf
Attachment:  Capital Budget Amendment - Dec.pdf
Attachment:  Explanations for December 31, 2009 Budget Amendment.pdf