09-09-2010 Special School Board Meeting
Agenda Item #11


Title
Budget Amendment #1 for the 2009-10 Debt Service Funds

Discussion

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

Changes in revenue and corresponding expenditures are primarily due to the issuance of the Series 2009-A State Board of Education Capital Outlay Refunding Bonds issued by the Florida Department of DOE on behalf of all school Districts.  The 2009A issue refunded outstanding debt for Series 1999A bonds.  The outstanding debt refunded was $874,238 and the new refunding bond issue was for $ 881,502.



Recommendation

Approve Resolution #1 to amend the 2009-10 Debt Service Budget.



Meeting Date(s)
Consent w/o Information - 9/9/2010

Authority for Action
229.053(1), 237.02 F.S.

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:  Debt Service Fund Budget Amendment.pdf