Agenda Item #13
Financial Statement with Budget Amendments for the Period Ending April 20, 2011
The School Board receives Financial Statements which reflect the status of revenue received and expenditures as compared to approved or amended budgets. The Financial Statements submitted for the Board's consideration are for the period ending April 30, 2011.
In addition, three budget amendments are submitted for the Special Revenue Funds.
1. Food Services: Since the adopted budget, revenues and appropriations have changed to reflect budget adjustments made by the District Food Services Department.
2. State and Federal Special Revenue: Since the adopted budget, revenues and appropriations have been reduced by $988,512, primarily due to a reduction in Title I.
3. American Recovery Reinvestment Act (ARRA): Since the adopted budget, revenues and appropriations have increased by $ 15,036,416. This increase is comprised of the Education Jobs Grant revenues totaling $14,791,731 and the Stabilization grants funding totaling $244,685.
Note this does not include an April 30,2011 budget amendment for the Operating Budget as that was approved at the May 24, 2011 board meeting.
Approve the April 30, 2011 Financial Statements and Resolution # 1 for the Special Revenue Funds Food Services, State and Federal, and the American Recovery Reinvestment Act.
Consent w/o Information - 6/14/2011
Authority for Action
F.S. 1010-02, 1001-02, 229.053(1), 237.02
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Agenda Item will not Require the Expenditure of Funds
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
Judy Preston, Associate Superintendent of Financial Services, ext. 600
Attachment: April 2011 Financials.pdf
Attachment: Special Revenue Fund - Food Service Budget Amendment #1.pdf
Attachment: Special Revenue Funds - State and Federal Budget Amendment #1.pdf
Attachment: Special Revenue Funds - ARRA Budget Amendment #1.pdf