Agenda Plus - March 9, 2021 Regular School Board Meeting

March 9, 2021 Regular School Board Meeting

Title
Financial Statements for Period Ending December 31, 2020

Meeting Date(s)
Consent w/o Information - 03/09/2021

Consent Type
Without Information

Discussion

The School Board Financial Statements reflect the status of revenue received and actual expenditures as compared to the approved or amended budgets. The Financial Statements submitted for the Board's consideration are for the period ending December 31, 2020.

Please note the following on page 5:

School Board	(114,444)	Unemployment Expenditures Overbudget
General Admin	(188,924)	COVID-19 Expenditures moved to County CARES Act funding in February
Transfers Out	(2,500,000)	Transfer to Medical Insurance Trust Fund budgeted as part of the Unassigned Fund balance; budget moved to this line item in January

Recommendation

Approve the December 31, 2020 Financial Statements.

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

Financial Impact

FY	Amount	Budgeted	Fund	Cost Center	Project	Function	Object	Program

Legal Counsel Review
No

Contact
Karen Strickland, Director, Budgeting, Cost Accounting & FTE, ext. 11610 Cindy Lesinski, Chief Financial Officer, Financial Services, ext. 11600

Attachments
Financial Statements for December 31, 2020.pdf