09-03-2015 Special School Board Meeting
Agenda Item #11


Title
Annual Financial Reports for 2014-15

Discussion

The Annual Financial Reports are due to the Department of Education on September 11, 2015.  Those reports include:

   ESE 145 - Annual Financial Report (unaudited)

   ESE 348 - Report of Financial Data (unaudited)

   Program Cost Report (unaudited)

All reports are currently being completed and will be provided to the Board prior to the Board meeting.

Effective beginning with this year's financial reports, the District is required to report its employer portion of the FRS pension liability. Heretofore, the District's FRS pension liability has been reported by the State on behalf of all of its participant employers.   The FRS has not yet released the pension liability information for incorporating into the District's above listed reports (see attached memo from DOE).  Until such time that the information is available for reporting the ESE 145 cannot be finalized.  Submitted reports presented will be substantially completed as submitted with this agenda, with the exception of the pension liability which will need to be included at a later date. When the information is released the reports will be completed and brought back to the Board for approval. 

Information related to the Cost Report will be provided to the Board at the September 8, 2015 meeting.



Recommendation

Approve tentative drafts of Forms ESE 145 and ESE 348.



Meeting Date(s)
Consent w/o Information - 9/3/2015

Authority for Action
Rule 6A-1.0071, FAC (Section 1001.51(12)(b), F.S.)

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. 610
Judy R. Preston, Associate Superintendent of Financial Services, ext. 600




Attachment:  Letter from DOE 8-21-15.pdf
Attachment:  2015 AFR 9-1-15.pdf