03-09-2010 Regular School Board Meeting
Agenda Item #12


Title
Financial Statements with Operating Budget Amendment for the period ending January 31, 2010

Discussion

Revenues have decreased by $6,129,893 which is the result of the 3rd FEFP calculation.  The reductions were made to the following state revenue sources:

FEFP

-5,887,106

Declining Enrollment

-931,477

Discretionary Compression

+219,346

Student Transportation

+265,813

Discretionary Lottery

+200,099

Class Size Reduction

+775,123

School Recognition

-877,890

 

 

The reduction in FEFP revenue is due to:

 

 

 

Student Growth

+3,634,866

McKay Scholarships

-6,066,930

Prorations

-1,069,867

Prior Year Adjustment

-2,385,175

  (primarily the 2002-03 audit adjustment)

 

Appropriations have also increased or decreased based on budget adjustments by individual schools and departments.



Recommendation

Approve the January 31, 2010 Financial Statements and Resolution #5 to amend the Operating Budget.



Meeting Date(s)
Consent w/o Information - 3/9/2010

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

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

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

 




Attachment:  Budget Amendment #5 - January 31 2010.pdf
Attachment:  Financial Statements-Jan 2010.pdf
Attachment:  Updated Budget Amendment Explanations January 31 2010.pdf