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|July 14, 2020 School Board Meeting|
Operating Fund Budget Amendment #9 for May 31, 2020
Consent w/o Information - 07/14/2020
Operating Revenue (pages 1 - 2) has decreased $626,269 since the last budget amendment. This change is mostly attributable to reciept of the 4th FEFP Calculation, but includes other factors as well. Those items are listed below.
Changes from the 4th FEFP Calcuation include:
Main Drivers of increase to Miscellaneous Revenue include:
In addition, the Transfer from Capital Projects increased by $250,000.
This budget amendment also shows the result of the distribution of reserves to individual salary accounts to reflect the salary increases that were approved for all employee groups for 2019-20.
Appropriations have also increased or decreased based on budget amendments done by individual schools and departments.
Approve resolution #9 to amend the Operating Fund Budget as of May 31, 2020.
|Authority for Action|
2009.53(1), 237.02 FS
|Involves Expenditure of Funds Directly in the Classroom|
Source of Funding
Agenda Item will not Require the Expenditure of Funds
Legal Counsel Review
Karen Strickland, Director of Budgeting, Cost Accounting & FTE, ext. 11610 Cindy Lesinski, Chief Financial Officer, Financial Services, ext. 11600
Budget Amendment #9 - May 31, 2020 Final.pdf