Business Services Action Item

DATE:	Tuesday, December 5, 2017
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Application to the U.S. Department of Education, and if Approved, Accept Funds for the Impact Aid Program (Public Law 874) (Business Services Division)
EXECUTIVE SUMMARY
The Hillsborough County School District annually applies to the Federal Government for impact funds under Public Law 874.  This law provides funds to supplement the education of students whose parents are in the armed services, work on federal property, or live in federal low-rent housing.
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  Yes)
This item is included in the district General Fund Budget.  This project will provide the district approximately $400,000 in federal funds. For tracking purposes, the revenue number specific to this agenda item is 3121.  As of November 2, 2017, the remaining balance less encumbrances for this line item equaled $78,264.84.
EVALUATION
Staff annually reviews changes in Federal Legislation and U.S. Department of Education Rules on application guidelines for Public Law 874 funds to ensure accuracy and best practices.
SUBMITTED BY:  Verna Hurley-Long

Gretchen Saunders		Dr. Alberto Vázquez
Chief Business Officer (813) 272-4270		Chief of Staff (813) 272-4986
		C 6.07
Hillsborough County Public Schools (Florida) * Mtg.#20171205_824 (Board Meeting) * Section C Item# 6.07