12-07-2010 Regular School Board Meeting
Agenda Item #17


Title
Financial Statements with Budget Amendments for the period ending October 31, 2010

Discussion

The School Board receives Financial Statements which reflect the status of revenue received and expenditures as compared to approved or amended budgets.  The Financial Statements submitted for the Board's consideration are for the period ending October 31, 2010.

In addition, the following budget amendments are submitted for Operating, Capital, Medical, and Enterprise Funds:

1. Operating: Revenue has not changed since the last budget amendment. Appropriations, however, have changed due to budget adjustments made by schools and departments.

2. Capital: Revenues have increased by $135,663 for property sales.  Appropriations reflect requested budget adjustments between projects.

3. Medical: Beginning balances have been adjusted to reflect changes in estimated claims for the prior year.

4. Enterprise: Appropriations have changed to reflect budget cuts that will assist the Operating Fund as well as to change beginning balances to reflect a prior year adjustment for OPEB.



Recommendation
Approve the October 31, 2010 Financial Statements, Resolution 2 for the Operating Budget, Resolutions 1 - 4 for the Capital Budget, and Resolution 1 for both the Medical and Enterprise Funds.

Meeting Date(s)
Consent w/o Information - 12/7/2010

Authority for Action
F.S. 1010-01, 1001.02, 229.053(1), 237.02

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

Karen Strickland, Director of Planning, Budgets, and Reporting, ext. 610

Judy Preston, Associate Superintendent of Financial Services, ext. 600




Attachment:  October 2010 Financials.pdf
Attachment:  October 2010 Budget Amendment Explanations.pdf
Attachment:  October 2010 Operating Budget Amendment #2.pdf
Attachment:  October 2010 Capital Budget Amendment #1 - #4.pdf
Attachment:  October 2010 Medical Funds Budget Amendment #1.pdf
Attachment:  October 2010 Enterprise Fund Budget Amendment #1.pdf