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January 14, 2020 - Regular School Board Meeting
Title
Operating, Debt Service, Capital Projects Funds, and Special Revenue - Food Services Budget Amendments for October 31, 2019
Meeting Date(s)
Consent w/o Information - 01/14/2020
Consent Type
Discussion

Operating Fund Budget Amendment – Resolution #2

Operating Revenue (pages 1 - 2) has increased $1,404,468 since the last budget amendment.

Miscellaneous Local revenue has increased $360,274.

Main Drivers:
SCATS Reimbursement $141,759
Fingerprinting Services Reimbursement $41,141
Advertising Revenue $29,884
Excellence in Physical Education Reimbursement $21,692
Facilities Use Agreements $17,591
Summer Workshops Reimbursement $27,501
Fee-Based Transportation Revenue $12,504

In addition, Transfers from Capital Projects has increased $1,000,000.

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

Debt Service Fund Budget Amendment – Resolution #1

Revenues and other financing sources have increased/decreased by the following amounts since the original budget:

Transfer from Impact Fee Revenue $956,686
Transfer from Capital Tax Levy (LCI) ($956,686)

 

Capital Projects Fund Budget Amendment – Resolution #1

Revenues and other financing sources have increased/decreased by the following amount since the original budget:

Charter School Capital Outlay $303,093

Capital appropriations have increased/decreased based on budget adjustments for project spending.

Special Revenue - Food Service Fund Budget Amendment – Resolution #1

Revenue has not changed. Appropriations, however, have changed overall to reflect carry forward from last year and any vacant positions.

Recommendation

Approve resolution #2 to amend the Operating Fund Budget as of October 31, 2019.

Approve resolution #1 to amend the Debt Service Fund Budget as of October 31, 2019.

Approve resolution #1 to amend the Capital Projects Fund Budget as of October 31, 2019.

Approve resolution #1 to amend the Special Revenue - Food Service Fund Budget as of October 31, 2019.

Authority for Action
2009.53(1), 237.02 FS
Involves Expenditure of Funds Directly in the Classroom
No
Source of Funding
Financial Impact
FY Amount Budgeted Fund Cost Center Project Function Object Program
                 
Legal Counsel Review
No
Contact
Karen Strickland, Director of Budgeting, Cost Accounting & FTE, ext. 11610 Jo Ann Clark, Director of Accounting Services, ext. 116600 Kevin Thornton, Director of Food & Nutrition Services, ext. 11690
Attachments
2019-20 Debt Service Funds Budget Amendment.pdf
2019-20 Special Revenue Fund Food Service budget Amendment.pdf
2019-2020 Captial Projects Fund Budget Amendment.pdf
Operating Fund Budget Amendment #2 - October 31, 2019.pdf
Agenda Plus