09-04-2014 Special School Board Meeting
Agenda Item #13


Title
Debt Service Funds Budget Amendment #1 for 2013-14

Discussion

Total revenues increased by $879,451 for fiscal year 2013-14. Major changes, plus or minus $100,000 are due to the  refunding of outstanding bonds issued by the State on behalf of the School Board. Refunding bond proceeds were:

Refunding Bond Proceeds 817,000
Premium on Refunding 128,037

The bond proceeds were used for the payment of refunded bonds (2004A and 2005A) along with associated fees in the amount of $357,656. The remaining proceeds were held by the State on behalf of the School Board to redeem the remaining outstanding bonds when due.



Recommendation
Approve Resolution #1 to amend the 2013-14 Debt Service Budget.

Meeting Date(s)
Consent w/o Information - 9/4/2014

Authority for Action
F.S. 1001.02(1), 1011.06

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

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




Attachment:  Budget Amendment - Debt Service - Resolution #1.pdf