Board Agenda - September 04, 2007

e. Recommended 2007-08 Budget Amendments for September 4, 2007 Actual Expenditures thru August 29, 2007

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: No time limit

Description:

Attachments:
Recommended 2007-08 Budget Amendments for September 4, 2007
General Fund Adopted Budget with September 4, 2007 Amendments
General Fund Actual Expenditures thru August 29, 2007

Recommendation:

Staff recommends approval of these Budget Amendments.

Business Impact:

General Fund Balance Negative impact of $ 5,209,029.56

Operating Fund - Fund 199:
Budget Impact Items:
$ 4,920,177.93 - Purchase Order Rollovers from the FY 2007 Budget Year
$ 10,816.00 - Increase Principal Travel - Function 23
$ 1,458,248.00 - Increase State Revenue and Expenditures in Functions 11, 12, 31 and 33 to reflect Rider 86 funds for $310 payment to staff approved on August 7, 2007. No impact to fund balance.
$ 4,398,911.00 - Increase State Revenue and Expenditures related to TRS on Behalf due to the increase in the state's contribution to TRS. No impact to fund balance.
$ 141,000.00 - Increase Local Revenue and Function 11 Expenditures to move all revenue and costs associated with the Senior High Child Care programs run through the Career Ed program to the General Fund. No impact to fund balance.

Other General Funds - Purchase Order Rollovers from the FY 2007 Budget Year
Tuition Reimbursement Fund 166 - $ 34,647.84
Athletics Fund 169 - $ 238,398.34
PASAR Fund 174 - $ 4,039.45
Special Programs Fund 179 - $ 950.00

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: 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.

Fund 240 - Food and Nutritional Service Fund: $ 89,902.99 - Purchase Order Rollovers from the FY 2007 Budget Year
Fund 429 - Read to Succeed: $ 88.00 - Recognize Read to Succeed Revenue and Expenditures
Fund 469 - Local Donations: $ 83,110.00 - PISD Education Foundation Donation: $72,110 allocated for the Middle School Math Specialist Position, $10,000 allocated for Stem Awards from TI, and $1,000 allocated for Micron Science Award PESH.
Fund 478 - PPE Emergency/Helping Hands Fund: $ 3,385.00 - Recognize local donations and associated expenditures (Mike Floyd Memorial Fund Donation)
Fund 489 - Special Ed Program Fund: $ 99.00 - Sale of CRA Notebooks and allocated expenditure
Fund 492 - Academic Initiatives: $ 21,400.00 - Academic Initiatives: $1,000.00 allocated to 5th grade college readiness program and $20,400.00 allocated to the Sigler after school program. Funding provided by the Education Foundation. Adjustments made for the budget roll forward.

Summary:

Appendix:

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