Agenda Item #13
Debt Service Funds Budget Amendment #1 for 2013-14
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:
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.
Approve Resolution #1 to amend the 2013-14 Debt Service Budget.
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
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
Judy Preston, Associate Superintendent of Financial Services, ext. 600
Attachment: Budget Amendment - Debt Service - Resolution #1.pdf