Board Agenda - December 12, 2006
f. Budget amendments for December
Presenter: Richard Matkin
Purpose: A - Request decision - closure required
Time: No time limit
Description:
Attachments:
Recommended 2006-07 Budget Amendments for December 12, 2006
General Fund Adopted Budget with December 12, 2006 Amendments
General Fund Actual Expenditures thru December 4, 2006
Recommendation:
Staff recommends approval of these Budget Amendments.
Business Impact:
General Fund Balance - Positive impact of $ 2,400,000.00
Operating Fund - Fund 199:
Key Budget Items:
$ 9,400,000 - Tax Revenue Increase - Increase Tax Values - Budget Impact
$ 7,000,000 - Increase Recapture Expense - Increased Tax Revenue - Function 91 - Budget Impact
$ 600,000 - Self Insurance Professional Liability Funding; Transfer to Self Insurance - No Budget 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.
Other Funds:
Key Budget Items:
¢
Fund 240/242 - Food and Nutritional Service Fund:
" $ (13,200) - Purchase of Safes / Maintenance for Secondary Campuses - Negative Budget Impact
¢
Fund 469 - Miscellaneous Local Donation Fund: Recognize local donations and associated expenditures $ 1,000.
Fund 478 - PPE Emergency / Helping Hands Fund:
Recognize revenue and associated expenditures -
$ 100.00.
Fund 484 - Future Educator Grant:
Recognize revenue and associated expenditures from Educator Incentive Grant - $ 68,603.67.
Fund 489 - Special Ed Program Fund:
Recognize revenue and associated expenditures from sale of CRA Notebooks - $ 1,575.00.
Fund 492 - Academic Incentive Grants:
Recognize revenue and associated expenditures from Academic Incentive Grant - $ 73,434.00.
Fund 513 - Interest and Sinking Fund:
$ 3,741,882 - Recognize additional revenue from Increased Tax Base ($4,700,000);
Additional expense ($958,118) for Principal/Issuance payments - net Positive Budget 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.
Summary:
Appendix:
Amendments
Return to Meeting Agenda
|
