HCPS FL Logo Business Services
Information Item
DATE: Tuesday, June 19, 2018
TO: School Board Members
FROM: Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Monthly Financial Position Reports as of May 31, 2018 (Business Services Division)
EXECUTIVE SUMMARY
The 2017/2018 fiscal year budgets were adopted September 19, 2017.  The attached reports reflect revenues earned and funds expended through the period May 31, 2018.  The projected ending fund balances are the difference between anticipated revenue and expenditures.
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  Yes)
The monthly financial position reports are consolidated and reflected in the year-end financial statements, which are audited annually by independent external auditors as prescribed by law.  The Board will receive the audit reports when they are complete.  The time of completion will vary based upon the activities of the auditors.
EVALUATION
See Financial Impact.
SUBMITTED BY:  Kristen Holmes, Budget Specialist 3, Budget Services
Susan Garcia, General Manager, Budget, Cash Management, and Federal Finance
Susan Garcia   Gretchen Saunders
General Manager, Budget, Cash Management, and Federal Finance
(813) 272-4064
  Chief Business Officer
(813) 272-4270
    C 13.03
Hillsborough County Public Schools (Florida) * Mtg.#20180619_886 (Board Meeting) * Section C Item# 13.03