Agenda Item #11
Budget Amendment #1 for the 2009-10 Debt Service Funds
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.
Approve Resolution #1 to amend the 2009-10 Debt Service Budget.
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
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: Debt Service Fund Budget Amendment.pdf