Board Agenda - March 04, 2008

d. Budget Amendments for March

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: No time limit

Description:

Attachments: Recommended 2007-08 Budget Amendments for March 4, 2008
General Fund Adopted Budget with March 4, 2008 Amendments
General Fund Actual Expenditures thru February 25, 2008

Recommendation:

Staff recommends approval of these Budget Amendments.

Business Impact:

General Fund Balance-No Impact

Transfers between Functions have been requested to redistribute the budget to align specific amounts to meet projected actual expenditures as requested by principals and department heads - No Budget Impact. The largest transfers included reclassifying $66,000 to Function 18 for projector maintenance, $20,000 to Function 52 for labels for the Raptor Security System, $800 to Function13 for LOTE Coordinator Travel, $10,000 to Function 41 to recognize revenue received from the Education Foundation for HR recruitment efforts and $71,000 to Function 36 to recognize revenue received from the playoffs of the mid-winter sports.

Other Funds:
Key Budget Items:
Fund 479 - Communications-Event Donations:
$ 5,500.00 - Revenue received from PTA donations to cover floral centerpieces.
Fund 481 - O'Donnell Art Grant:
$ 2,500.00 - Revenue received from the Music Theory AP Qualifying Exam.

Transfers between Functions have been requested to redistribute the budget to align specific amounts to meet projected actual expenditures as requested by principals and department heads - No Budget Impact.

Appendix:

Amendments

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