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:7/7/2015 9:30:00 AM
  
TO:HONORABLE SCHOOL BOARD MEMBERS
  
FROM:Kurt S. Browning, Superintendent of Schools
Olga Swinson, Chief Finance Officer
  
SUBJECT:       2014-2015 Budget Amendments - May 2015 - #62 through #69

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 budget approved by the School Board. 

Description:

Budget Amendments #62-69:

·        #62 – General Fund – The General Fund appropriations were amended by project, school and district cost center administrators to reflect changes in anticipated expenditures.  In addition, fund balance was amended to provide additional funds for employee fingerprinting fees, Advanced Placement funds for Wesley Chapel High School for their iPad program, the District Hotline license for Internal Audit, additional funds for in-service for Land O’ Lakes High School International Baccalaureate Program and instructional material textbooks.

·        #63 – Debt Service Funds – The Debt Service Funds were amended to recognize a transfer from capital project funds for the interest payment on the Qualified School Construction Bonds, Series 2014. In addition, fund balance was amended to provide funds for cost of issuance for COPS, Series 2014A.

·        #64 – Capital Project Funds – The Capital Project Funds were amended to adjust estimated revenues for Local Sales Tax.  The Capital Project Funds appropriations were amended by project administrators to reclassify capital expenditures to the appropriate objects to reflect changes in anticipated expenditures.  In addition, fund balance was amended to increase funds available for James W. Mitchell High School HVAC replacement, District Campus Health & Wellness Center expansion, additional funds for  Health & Wellness Center at Thomas E. Weightman Middle School, summer portable moves, Pine View Middle School roof replacement, retractable awnings for Food and Nutrition buses, Food and Nutrition equipment at multiple locations and Sanders Memorial Elementary School construction.

·        #65 – Food and Nutrition Fund – The Food and Nutrition Fund appropriations were amended to reflect changes in anticipated expenditures.

·        #66 – 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 Department of Education for the following projects:

               #35115 – Pell Grant – Revenue #419900
               #31515 – Title I Part D – Revenue #424000
               #34315 – Project 10 Connect – Revenue #428000
               #30015 – Emergency Immigrant Education Program - #429300   

·        #67 – Internal Service Funds The Internal Service Funds estimated revenue was amended to recognize additional funds received from the insurance loss carrier for insurance loss and appropriations were amended to reflect changes in anticipated expenditures.

·        #68 – Trust & Agency Funds – The Trust & Agency Funds revenue and appropriations were amended to account for Social Committee and the school’s Sunshine Athletic Conference funds.

·        #69 – Enterprise Fund – The Enterprise Funds appropriations were amended to reflect changes in anticipated expenditures.

Strategic Focus:  Provide Equitable Support Systems
Strategic Plan Goal:  The District will ensure fiscal responsibility and equitable distribution of resources.

 



Recommendation:

It is requested that Budget Amendments #62 through #69 be approved in accordance with State Board of Education Rule 6A-1.006.

ATTACHMENTS:
DescriptionUpload DateType
Budget Amendments May 20156/23/2015Backup Material