07-20-2010 Regular School Board Meeting
Agenda Item #9


Title
Financial Statements with Operating Budget Amendment for the Period Ending May 31, 2010

Discussion

The School Board receives Financial Statements which reflect the status of revenue received and commitments (encumbrances and expenditures) as compared to approved or amended budgets.  The Financial Statements submitted for the Board's consideration are for the period ending May 31, 2010.

In addition, the Operating Budget submits amended budget #9.

Operating Fund Budget Amendment

Changes in projected revenue (pages 1-2) which have occurred since the last amendment are as follow:

3310  FEFP -$239,350.00
3310  Declining Enrollment Allocation -$228,477.00
3310  Student Transportation -$135,107.00
349X  Miscellaneous Local $412,266.00

Appropriations have also increased or decreased based on budget adjustments by individual schools and departments.



Recommendation
Approve the May 31, 2010 Financial Statements and Resolution #9 to amend the Operating Budget.

Meeting Date(s)
Consent w/o Information - 7/20/2010

Authority for Action
F.S. 1010.01, 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:  Financials - May 2010.pdf
Attachment:  Budget Amendment #9 - May 31, 2010.pdf
Attachment:  Budget Amend Explanations 5-31-10.pdf