Agenda Item #13
Operating Fund Budget Amendment #8, Debt Service Funds Budget Amendment #2, and Capital Projects Fund Budget Amendment #4 for April 30, 2017
Operating Fund Budget Amendment – Resolution #8
Operating Revenue (pages 1 - 2) has increased by $186,243 since the last budget amendment. All changes, with the exception of Miscellaneous Local, are to reflect the 4th FEFP Calculation (dated April 27, 2017) which updates revenue based on February FTE. Major changes plus or minus $100,000 are listed below:
Appropriations have also increased or decreased based on budget amendments processed by individual schools and departments.Debt Service Funds Budget Amendment – Resolution #2
In April, the 2017B COP was issued for $29,960,000. It refunded the outstanding COP Series 2007A.
Revenues changes have been amended to the following:
Appropriations changes have been amended to the following:
Revenues have increased by $228,482 of which $222,805 in interest on investments.
Appropriations have increased by $178,804 due to additional funding for Hurricane Matthew of $347,877 and a decrease in the transfers to debt service of ($169,073) due to the refunding COP 2017B. In addition, appropriations have also increased or decreased based on budget amendments done by individual departments.
Approve resolution #8 to amend the Operating Fund Budget as of April 30, 2017.
Approve resolution #2 to amend the Debt Service Funds Budget as of April 30, 2017.
Approve resolution #4 to amend the Capital Projects Fund Budget as of April 30, 2017.
Consent w/o Information - 5/23/2017
Authority for Action
2009.53(1), 237.02 FS
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Agenda Item will not Require the Expenditure of Funds
Karen Strickland, Director, Budgeting, Cost Accounting & FTE, ext. 610.
Attachment: Budget Amendment #8 - April 30, 2017.pdf
Attachment: April 2017 Operating Fund Budget Amendment Explanations.pdf
Attachment: FY17 Debt Service Budget Amendment - Resolution #2.pdf
Attachment: FY 2016-17 Capital Projects Fund Budget Amendment - Resolution #4.pdf