09-05-2013 Special School Board Meeting
Agenda Item #11


Title
Capital Project Funds Budget Amendments #5 - 7 for the 2012-13

Discussion

Changes in estimated revenues and appropriations are detailed in the attached amendments.

The RAN and Tax Levy had minimal variation in their overall budgets, changing $63,095 and $152,732 respectively.  The other capital funds changed $5,902,012 due to the following reasons:

  1. Estimated impact fee revenues for $2,517,600 were not received in the current fiscal year.  These revenues are expected to be received during fiscal year 2013-14.
  2. Budget estimates for the amount of $3,267,722 for a general fund transfer to the capital fund did not occur as estimated.  Capital expenditures for this amount were paid by the general fund rather than transferring revenues to the capital fund. 
  3. The remaining reduction of $116,690 was comprised of minor changes in miscellaneous revenues.


Recommendation
Approve Resolutions #5 - 7 to amend the 2012-13 Capital Project Budgets.

Meeting Date(s)
Consent w/o Information - 9/5/2013

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 - Capital Funds - Resolutions #5 - 7.pdf