05-24-2016 Special School Board Meeting
Agenda Item #11


Title
Financial Statements for the Period Ending March 31, 2016 and Resolution #7 for the Operating Fund

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, 2016.

In addition, a budget amendment for the Operating Fund is being submitted.

Operating Fund Amendment #7:

Operating Revenue (pages 1-2) has increased by $227,024 since the previous budget amendment.  Major changes plus or minus $100,000 are listed below:

Miscellaneous Local $227,024

Appropriations have also increased or decreased based on budget amendments done by individual schools and departments.  This budget amendment also reflects the rebudgeting (REBUD) process which includes the updated salary and benefit information for all employees within the District due to the 2015-16 pay raises.



Recommendation
Approve the March 31, 2016 Financial Statements and Operating Fund Budget Amendment - Resolution #7.

Meeting Date(s)
Consent w/o Information - 5/24/2016

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 of Budgeting, Cost Accounting & FTE, ext. 660
Pennie L. Zuercher, Chief Financial Officer, ext. 600




Attachment:  FY2015-16 Financial Statements-March 31, 2016.pdf
Attachment:  Operating Fund Budget Amendment #7-March 31 2016.pdf