State Board of Education Rule 6A-1.006 requires School 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.
Budget Amendments for July 2015, #1 through #8:
#1- General Fund
#2- Debt Service Funds
#3- Capital Projects Funds
#4- Food & Nutrition Services Fund
#6- Internal Service Funds
#7- Trust & Agency Funds
#8- Enterprise Funds
The Budget Amendments for all funds listed above include the distribution of the ending reserve for encumbrances as of June 30, 2015. Reserve fund balances carried forward from the prior year were reduced and the appropriations for the encumbered reserves were increased. Appropriations were amended by project, school and district cost center administrators to reflect anticipated expenditure changes.
Revenues and appropriations were amended to adjust for roll forward reserves. In addition the following projects were amended to reflect additional revenue:
· #1 – General Fund
#57200 – Duke Energy Grant for Cypress and Moon Lake Elementary – Revenue #444000
#58515 – Southwest Florida Water Management District – Revenue #449500
· #2 – Debt Service Funds – The Debt Service Funds was amended to include the receipt of a proportional share of the total interest earned in November 2007 in the Local Government Surplus Fund which was not paid out but transferred to the Trust Fund in order to maximize the payout of principal.
· #5 – Special Revenue Funds – The Special Revenue Funds was amended to include roll forward reserves that were not originally budgeted. The following project was amended to include estimated revenues and appropriations:
#37020 –Charter School Grant for Classical Preparatory School - Revenue #429900
The revenue for the following project was amended for an object correction:
#33816 - Adult Education and Family Literacy - Revenue #422000
The staff respectfully recommends the School Board's approval of the attached Budget Amendments.