05-13-2014 Regular School Board Meeting
Agenda Item #18


Title
Financial Statements with the Operating Fund Budget Amendment Resolution #7 and the Capital Funds Resolutions # 4-5 for the period ending March 31,2014

Discussion

The School Board Financial Statements reflect the status of revenue received and actual expenditures as compared to the approved or amended budgets.  The Financial Statements submitted for the Board's consideration are for the period ending March 31, 2014.

In addition ,budget amendments for the operating fund and capital funds are submitted:

Operating Budget Amendment #7

Operating Revenue (pages 1-2) has increased by $228,432 since the last budget amendment. Major changes plus or minus $100,000 are listed below:

Miscellaneous Local $189,492

Appropriations, however, have increased or decreased based on budget amendments done by individual schools and departments.  This budget amendment also reflects the rebudgetizing (REBUD) process which captured more up-to-date salary and fringe benefit information for all employees within the District.

Capital Fund Amendments #4-5

Capital Revenue increased by $278,622 due to receiving an FPL rebate of $240,000 for installing a thermal energy system at Cocoa High School.

Appropriations have increased or decreased based on budget amendments done at the District level.



Recommendation
Approve the March 31,2014 Financial Statements, Resolution #7 for the Operating Fund, and Resolutions #4-5 for the Capital Funds.

Meeting Date(s)
Consent w/o Information - 5/13/2014

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 - Budgeting , Cost Accounting & FTE, ext. 610

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




Attachment:  FY 2013-14 Financial Statements - March 31, 2014.pdf
Attachment:  Budget Amendment #7 -March 31 2014.pdf
Attachment:  March 31 2014 Budget Amendment Explanations.pdf
Attachment:  FY 2013-14 Capital Budget Resolutions _4 - 5 (1).pdf