the school board of seminole county - Seminole County Schools

THE SCHOOL BOARD OF SEMINOLE COUNTYACTION ITEM: BUDGET AMENDMENTS 9 THROUGH 14 IV.G.Item Number1. Superintendent’s Recommendation:That the School Board of Seminole County approve Budget Amendment Numbers 9 through 14 aspresented.2. Background/Analysis:State Board of Education Rule 6A-1.006, requires that the School Board approve budget amendmentswhenever the amounts in the budgetary accounts are changed from the original budget.The budget amendments for each fund reflect the following types of activity:New Revenues: These are included in order to budget revenues, which were not anticipated at thetime of the original budget. This category normally includes state and federal grants, insurancerecoveries, and other miscellaneous revenues.Routine transfer of funds between budgeted accounts: These are transfers between accountsmade by the various cost centers. These are included in the budget amendments in order to complywith the State Board of Education Rule requiring budget amendments for any changes in the functionand object amounts. This necessitates that budget amendments be made at the lowest line item levelof the budget. As a result, any change in the use of budgeted monies such as buying supplies,instead of equipment requires a budget amendment.Funds Appropriated from Fund Balance or Transfers to Fund Balance: These are transfers fromfund balance for specific program needs.The Budget Amendments, Numbers 9 through 14, are summarized on the attached page(s).3. Fiscal Impact:a) New Revenue Budgeted.b) Transfers are within budget allocations.4. Prepared by: John Pavelchak 5. Board Meeting Date 10/25/11Exec. Director of Finance and BudgetingRashmikant Khatri, Director of BudgetingAttachment(s): Budget Amendment SummarySupporting Information not in agenda book: NoneMaterials for signature: ResolutionsPage 22