12-13-2011 Regular School Board Meeting
Agenda Item #19


Title
Financial Statement with Budget Amendments for the Period Ending October 31, 2011

Discussion

The School Board received 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, 2011.

In addition, the budget amendments for the funds below:

1   Operating Fund - Resolution #2  Operating Revenue (pages 1-2) has increased by $515,938 since the budget adoption.  Major changes plus or minus $100,000 are listed below:

Miscellaneous Local         515,938

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

2   Capital Funds - Resolution #1   After submission of the AFR, additional updates were made to complete the CAFR.  This amendment updates the beginning balances to the new amounts.

3   Casualty Funds - Resolution #1   After submission of the AFR, additional updates were made to complete the CAFR.  This amendment updates the beginning balances to the new amounts.

4.   Medical Insurance - Resolution #1  After submission of the AFR, additional updates were made to complete the CAFR.  This amendment updates the beginning balances to the new amounts.

5   Enterprise Fund - Resolution #1  After submission of the AFR, additional updates were made to complete the CAFR.  This amendment updates the beginning balances to the new amounts.

6   Food Service Fund - Resolution #1  After submission of the AFR, additional updates were made to complete the CAFR.  This amendment updates the beginning balances to the new amounts.  In addition, the labor and fringe have been updated to include open positions.



Recommendation
Approve the October 31, 2011 Financial Statements; Resolution #2 for the Operating Fund; and Resolution #1 for Capital Funds, Casualty Funds, Medical Insurance, Enterprise Fund, and the Food Service Fund.

Meeting Date(s)
Consent w/o Information - 12/13/2011

Authority for Action
F.S. 1010.02, 1001.02, 1001.02(1)

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 31, 2011 Financials.pdf
Attachment:  Budget Amendment #1 -Capital Funds.pdf
Attachment:  Budget Amendment #1-Casualty Funds-October 31 2011.pdf
Attachment:  Budget Amendment #1-Enterprise Fund-October 31 2011.pdf
Attachment:  Budget Amendment #1-Medical Insurance-October 31 2011 (2).pdf
Attachment:  Budget Amendment #1 -Food Service Fund.pdf
Attachment:  Budget Amendment #2 - October 31 2011.pdf
Attachment:  Financial Highlights OCT 11.pdf