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June 22, 2021 School Board Meeting
Title
General Fund Budget Amendment for April 30, 2021
Meeting Date(s)
Consent w/o Information - 06/22/2021
Consent Type
Discussion

General Fund Budget Amendment Resolution #8

General Revenue (pages 1-2) has decreased $2,716,348 since the last budget amendment.

State revenue has decreased $3,283,091, which is mostly attributable to the receipt of the 4th F.E.F.P. Calculation.

4th F.E.F.P. Calculation Adjustments  
F.E.F.P. (18,281,524)
Held Harmless Allocation 22,603,964
Proration (1,545,307)
Prior Period Adjustment (255,701)
Growth in Scholarship Programs (1,488,105)
Net F.E.F.P. 1,033,327
Safe Schools (45,376)
Supplemental Academic Instruction (961,667)
ESE Guaranteed Allocation (2,385,385)
Reading Allocation (73,942)
DJJ Supplemental Allocation (85,890)
Discretionary Millage Compression (700,744)
Funding Compression Allocation 1,999
Instructional Materials (22,961)
Digital Classroom Allocation (293)
Federally Connected Student Supplement 21,623
Mental Health Allocation (38,814)
Turnaround Supplemental Services (30,990)
  (3,289,113)

 

Local sources have increased $166,743.

Main Drivers:  
Facilities Use Agreements 55,815
Marketing Revenue 35,450
Certification Renewal Fees 18,750
Fingerprinting Fees 11,973
Internal Accounts Reimbursements 4,800
Transcripts 4,721
Warranty Services 4,290
Printing 4,040

 

Other Financing Sources has increased $400,000 due to a transfer from the Capital Projects Funds to support Maintenance projects.

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

Recommendation

Approve resolution #8 to amend the General Fund Budget as of April 30, 2021.

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 Cindy Lesinski, Chief Financial Officer, ext. 11600
Attachments
General Fund Budget Amendment #8 - April 30, 2021.pdf
Agenda Plus