Item Coversheet
 


Pasco County Schools
7227 Land O' Lakes Boulevard. Land O' Lakes, Florida 34638 - 813/794-2000

Kurt S. Browning, Superintendent of Schools           www.pascoschools.org


Contact:
Joanne Millovitsch, Director of Finance Services
(813) 794-2268

DATE:6/7/2016 9:30:00 AM
  
TO:HONORABLE SCHOOL BOARD MEMBERS
  
FROM:Kurt S. Browning, Superintendent of Schools
Olga Swinson, Chief Finance Officer
  
SUBJECT:       2015-2016 Budget Amendments #56 through #64 - April 2016

Introduction:

State Board of Education Rule 6A-1.006 requires Board approval for amendments to the District School Budget whenever the function and object amounts in the accounts prescribed by the State Board for the budget form are changed in the original approved by the School Board.

Description:

Budget Amendments #56 - #64:

 

·        #56 – General Fund – The General Fund was amended to adjust estimated revenues for the following projects:

 

               #59580 – Florida Student Assistance Grant for Marchman Technical Students – Revenue #439900  

               #57515 – Barbara Bush Foundation – Revenue #444000

               #59320 – Key Issues Institute – Revenue #444000

               #57516 – MARS Mathematical Reasoning – Revenue #449500

               #12230 – Computer Lease Tech Charge Reimbursement – Revenue #449500

 

The General Fund appropriations were amended by project, school and District cost center administrators to reflect changes in anticipated expenditures. Fund balance was amended to provide startup funds to Wiregrass Elementary, additional funds for Dual enrollment tuition, additional funds for FLDRS Grant sick leave payments, additional funds for in-house repairs and maintenance and to record reimbursements for the cost of computer technicians.

 

·        #57 – Debt Service Funds – The Debt Service Funds revenue and fund balance were amended to record gain on investments for QSCB 2009 series.  Revenues were amended to record bond proceeds and transfers from Capital Project Funds to record interest and cost of issuance payments for the Sales Tax Revenue Bonds 2016. Appropriations were amended by administrators to reflect changes in anticipated expenditures.

 

·        #58 – Capital Project Funds – The Capital Project Funds revenue was amended to account for the Land O’ Lakes Community Recreation Band Shell project, and to record Spring 2016 computer capital lease purchase.  Fund balance was amended to provide additional funds for the renovation at Marchman Technical College, additional funds for the HVAC renovations at Gulf High, Dr. Mary Giella Elementary, Pasco Middle, Thomas E. Weightman Middle and Seven Springs Elementary and additional funds for the annual fencing budget. In addition, fund balance was adjusted to record transfer to Debt Service Funds and to adjust bond proceeds for Sales Tax Revenue Bonds 2016. Appropriations were amended by project administrators to reclassify capital expenditures to the appropriate objects to reflect changes in anticipated expenditures. 

 

·        #59 – Food & Nutrition Fund – The Food & Nutrition Funds revenue was amended to record the revenue received for State School Breakfast and Lunch revenue match. Appropriations were amended by administrators to reflect changes in anticipated expenditures.

 

·        #60 – Special Revenue Funds – The Special Revenue Funds appropriations were amended by project, school and District cost center administrators to reflect changes in anticipated expenditures.  In addition, estimated revenues were amended in accordance with information received from the U.S and Florida Department of Education for the following projects:

 

               #35116 – PELL – Revenue #419900

               #39616 – Math & Science Partnership – Revenue #422600    

               #37115 – Charter School Grant for Learning Lodge – Revenue #429900

 

·       #61 – Internal Service Funds – The Internal Service Funds appropriations were amended by administrators to reflect changes in anticipated expenditures.

 

·       #62 – Trust and Agency Funds – The Trust and Agency Funds appropriations were amended by administrators to reflect changes in anticipated expenditures.

 

·       #63 – Pension Fund – The Pension Fund appropriations were amended by administrators to reflect changes in anticipated expenditures.

 

·        #64 – Enterprise Funds – The Enterprise Funds appropriations were amended by administrators to reflect changes in anticipated expenditures.



Recommendation:

The staff respectfully requests School Board's approval of the attached Budget Amendments. 

ATTACHMENTS:
DescriptionUpload DateType
Budget Amendments - April 20165/27/2016Backup Material