09-06-2018 Special School Board Meeting
Agenda Item #9


Title
Operating, Debt Service, Capital Projects, Special Revenue - Food Service, Special Revenue - Other, Internal Service Casualty, Internal Service Medical, and Enterprise Funds Budget Amendments for June 30, 2018

Discussion
Operating Fund Budget Amendment #10

Operating Revenue (pages 1 - 2) has increased $9,169,443 since the last budget amendment. Major changes plus or minus $100,000 are listed below:

Miscellaneous State $5,731,645
Ad Valorem $1,982,422
Income/Investments $1,464,186
Medicaid Reimbursement $670,238
Miscellaneous Local $123,824
Tuition $102,666
Impact Aid ($216,442)
Voluntary PreKindergarten ($251,620)
Charter School Capital Outlay ($970,720)
Additional Ad Valorem ($1,473,256)

In addition, transfers from Capital Projects have increased $1,190,635.

Appropriations have also increased or decreased based on budget amendments done by individual schools and departments.

Debt Service Fund Budget Amendment #1

Revenues have decreased $32,098 since the adopted budget.

In addition, appropriations have increased or decreased based on budget adjustments.

Capital Projects Fund Budget Amendment #2

Revenues have increased $9,599,164 since the last budget amendment. Major changes, plus or minus $100,000, are listed below:

Impact Fees $4,102,549
Sales Surtax $1,647,794
PECO $1,117,932
Interest on Investments $936,694

In addition, transfers from Special Revenue - Food Service have increased $1,561,133.

Appropriations have also increased or decreased based on budget adjustments.

Special Revenue - Food Service Fund Budget Amendment #2

Revenues have decreased $298,247 since the last budget amendment. Major changes, plus or minus $100,000, are listed below:

School Lunch Reimbursement $972,135
Food Service Child Care $106,259
School Lunches ($583,568)
Student and Adult A La Carte ($651,584)

In addition, appropriations have increased or decreased based on budget adjustments made by the Food Service Department.

Special Revenue - Other Fund Budget Amendment #1

Revenues have decreased $8,188,198 since the adopted budget. Major changes, plus or minus $100,000, are listed below:

Miscellaneous Federal thru State $211,188
Miscellaneous State ($116,620)
Charter Schools ($123,784)
Federal Direct ($404,140)
21st Century Schools ($443,189)
Title II ($830,764)
Title I ($867,266)
Education for the Handicapped ($5,433,128)

Unspent funds for most projects are expected to be approved as carry forward into FY2018-19.

Internal Service Casualty Fund Budget Amendment #1

Revenues have increased $2,788,826 since the adopted budget. This increase is primarily due to the $2,600,000 transfer from the Operating Fund.

In addition, appropriations have increased or decreased based on budget adjustments.

Internal Service Medical Fund Budget Amendment #1

Revenues have increased $547,083 since the adopted budget. This increase is primarily due to premium revenue.

In addition, appropriations have increased or decreased based on budget adjustments.

Enterprise Fund Budget Amendment #2

Revenues have increased $958,317 since the last budget amendment. This increase is primarily due to fee revenue.

In addition, appropriations have increased or decreased based on budget adjustments.



Recommendation

Approve resolution #10 to amend the Operating Budget as of June 30, 2018.

Approve resolution #1 to amend the Debt Service Budget as of June 30, 2018.

Approve resolution #2 to amend the Capital Projects Budget as of June 30, 2018.

Approve resolution #2 to amend the Special Revenue - Food Service Budget as of June 30, 2018.

Approve resolution #1 to amend the Special Revenue Budget as of June 30, 2018.

Approve resolution #1 to amend the Internal Service Casualty Budget as of June 30, 2018.

Approve resolution #1 to amend the Internal Service Medical Budget as of June 30, 2018.

Approve resolution #2 to amend the Enterprise Budget as of June 30, 2018.



Meeting Date(s)
Consent w/o Information - 9/6/2018

Authority for Action
F.S. 2009.53(1), 237.02 - F.S. 1001.02(1), 1011.06 - F.S. 1001.02(1), 1001.06

Involves Expenditure of Funds Directly in the Classroom
Partial

Source of Funding
Operating - Categorical
Operating - Grant
Operating - Other
Capital Projects
Special Revenue - Federal
Special Revenue - Food Services
Sales Surtax
Other Sources
Agenda Item will not Require the Expenditure of Funds

FY
Amount
Budgeted
Fund
Cost Center
Project
Function
Object
Program
180.00yes100variousvariousvariousvariousvarious
180.00yes2XXvariousvariousvariousvariousvarious
180.00yes3XXvariousvariousvariousvariousvarious
180.00yes41Xvariousvariousvariousvariousvarious
180.00yes42Xvariousvariousvariousvariousvarious
180.00yes71Xvariousvariousvariousvariousvarious
180.00yes731variousvariousvariousvariousvarious
180.00yes921variousvariousvariousvariousvarious

Legal Counsel Review
No

Contact

Karen Strickland, Director of Budgeting, Cost Accounting & FTE, ext. 610

Jo Ann Clark, Director of Accounting Services, ext. 660

Kevin Thornton, Director of School Food & Nutrition, ext. 690

Pennie L. Zuercher, Chief Financial Officer, ext. 600




Attachment:  2017-18 Debt Service Budget Amendment #1.pdf
Attachment:  2017-18 Capital Projects Fund Budget Amendment #2.pdf
Attachment:  2017-18 Food Services Budget Amendment #2.pdf
Attachment:  2017-18 Special Revenue - Other Budget Amendment #1.pdf
Attachment:  2017-18 Casualty Funds Budget Amendment #1.pdf
Attachment:  2017-18 Medical Funds Budget Amendment #1.pdf
Attachment:  2017-18 Enterprise Fund Budget Amendment #2.pdf
Attachment:  2017-18 Operating Fund Budget Amendment #10 REVISED.pdf