09-05-2013 Special School Board Meeting
Agenda Item #13


Title
Special Revenue - State and Federal Budget Amendment #1 for the 2012-13

Discussion

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

Title I, Title II, and IDEA decreased in the amount of $9,550,395 due to fewer funds being expended in 2012-13 with the remaining dollars rolling forward into 2013-14.

During the first year of the Headstart Program, the grant period did not align with the District's budget year.  As a result, the Adopted Budget contained two grant periods during fiscal year 2012-13.  During the fiscal year, Headstart realigned their grant periods to coincide with the District's budget and fiscal year in order to  accommodate District reporting.  As a result the budget was reduced to a 14-month period and a no cost extension was provided to align the grant period to match the Districts fiscal year.  The realignment resulted in a reduction of  $5,727,999. Of this amount $4.7 million will be budgeted as the new budget in fiscal year 2013-14 and the remainder will either carry forward as encumbrances for fiscal year 2012-13 or be returned to Headstart.

Changes in expenditure appropriations have also increased or decreased based on budget adjustments by individual schools and departments.



Recommendation
Approve Resolution #1 to amend the 2012-13 Special Revenue - State and Federal.

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 - Federal and State Special Revenues - Resolution #1.pdf