Board Agenda - November 06, 2007

f. Recommended 2007-08 Budget Amendments for November 6, 2007 Actual Expenditures thru October 29, 2007

Presenter: Richard Matkin

Purpose: A - Request decision - closure required

Time: No time limit

Description:

Attachments: Recommended 2007-08 Budget Amendments for November 6, 2007 General Fund Adopted Budget with November 6, 2007 Amendments General Fund Actual Expenditures thru October 29, 2007

Recommendation:

Staff recommends approval of these Budget Amendments.

Business Impact:

General Fund Balance Negative impact of $ 72,000.00

Operating Fund - Fund 199:
Budget Impact Items:
$ 20,000.00 - Fund 169 Athletics - Revenue from Fall Sports Playoffs
$ 92,000.00 - Fund 169 Athletics - Non-Budgeted Fall Sports Playoffs expenditures

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 $50,465 to Function 18 for hardware for Instructional Growth and $7,077 to Function 34 for Stars Transportation.

Other Funds: Key Budget Items: Fund 397 - Advance Placement/International Baccalaureate Fund   - $ 176,612.00 - AP/IB Incentive Campus Awards for May 2006 Exams
Fund 469 - Miscellaneous Local Donations: $ 32,890.00 - Education Foundation donation for the Middle School Math Initiative and revenue received from the Texas Academic Decathlon for hosting the state AcDec competition in January
Fund 475 - CDBG Family Literacy Designated: $ 15,400.00 - City of Plano Buffington Community Service Grant donation
Fund 478 - PPE Emergency/Helping Hands Fund: $ 8,400.00 - Buffington Community Service Grant donation
Fund 489 - Special Ed Program Fund: $ 1,553.50 - Sale of LCRA Manuals
Fund 492 - Academic Initiatives $ 5,000.00 - Revenue received from PISD Education Foundation as a partnership gift from Texans Credit Union for the AVID program
Fund 495 - Head Start Local: $ 2,000.00 - Funds received from fund raising through advertising on take home folders

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:

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