Board Agenda - May 20, 2008

e. Budget Amendments for May 20, 2008

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: No time limit

Description:

Attachments:
Recommended 2007-08 Budget Amendments for May 20, 2008
General Fund Adopted Budget with May 20, 2008 Amendments

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 affecting the operating budget include the reallocation of $87,000 from Function 11 to 18 for software testing and installation, $4,000 to Function 13 for LOTE teacher travel, $220,000 to Function 34 to cover gas costs for May and June and for parts and repairs, $85,370 to Function 36 to replenish funds used for the DI Global Competition costs and Whiz Quiz National competition, and $18,000 to Function 52 for fire equipment repairs. Function 51, Plano Maintenance & Operations, was reduced by $290,370 to offset increased expenditures in other functions. Revenue received from the Education Foundation totaled $6,708 allocating $500 to Function 12 for book purchases, $2,208 to Function 41 for Communication and $4,000 to Function 11 for graduation. The athletics budget recognized $34,000 in revenue and expenditures from the spring playoff sports and the special programs budget reallocated $30,000 from Function 11 to 95 to cover increased costs of JJAEP for the year.

Other Funds:

Key Budget Items:
Fund 240 - National Breakfast/Lunch Program - Negative Budget Impact of $700,000
$ 700,000 - TDA has approved the use of fund balance to purchase fryers for the kitchens.
$ 90,053 - Expenditures and revenue for the FANS budget for summer school programs for PAL and PreK locations.

Fund 242 - Summer Feeding Program (FANS)
$ 47,903 - Expenditures and revenue for the budget for Parks & Recs Feeding program offered at Williams H.S.

Fund 469 - Miscellaneous Local Donations
$ 64,000 - Revenue received from the PISD Education Foundation: $4,000 for Communications and for the Girls Physics Camp, $50,000 for McRel Professional Development services and $10,000 for the Power Walkthrough two-day workshop.

Summary:

Appendix:

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