Board Agenda - April 01, 2008
i. Budget Amendments for April
Presenter: Richard Matkin
Purpose: A - Request decision - closure required
Time: No time limit
Description:
Attachments:
Recommended 2007-08 Budget Amendments for April 1, 2008
General Fund Adopted Budget with April 1, 2008 Amendments
General Fund Actual Expenditures thru March 18, 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 $50,000 to Function 36 to cover state and national competitions for different academic teams, $34,128 to Function 52 for the annual service contract for the raptor system, $4,000 to Function 61 to cover for paraprofessionals, $765 to Function 11 to convert authorization codes to authorized school business, $700 to Function 51 for electrical work and $500 to Function 33 for nursing supplies.
Other Funds:
Key Budget Items:
Fund 397 - AP Incentive Teacher Payment
$ 13,940.00 - Revenue received for AP/IB Teacher Training Reimbursements for 2006-2007.
Fund 473 - E-Rate Technology Fund:
$ 35,443.54 - Revenue received from E-Rate.
Fund 481 - O'Donnell Art Grant:
$ 100.00 - Revenue received from the Music Theory AP Qualifying Exams.
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
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