06-14-2011 Regular School Board Meeting
Agenda Item #13


Title
Financial Statement with Budget Amendments for the Period Ending April 20, 2011

Discussion

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.



Recommendation
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. 

Meeting Date(s)
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
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 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