Business Services Action Item

DATE:	Tuesday, September 6, 2016
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Budget Amendments for the Period Ended June 30, 2016 (Business Services Division)
EXECUTIVE SUMMARY
The 2015/2016 fiscal year budgets were adopted on September 8, 2015. Thereafter, the budgets are amended as necessary and submitted to the Board for approval in the form of budget amendments (attached) following each period ending.
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  Yes)
The revenue budgets are increased/decreased to reflect the most current estimates or actual revenue received. The expenditure budgets are adjusted accordingly to reflect a balanced budget.
EVALUATION
The budget amendments 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 completed. The time of completion will vary based upon the activities of the auditors.
SUBMITTED BY:  Kristen Holmes, Senior Fiscal Analyst Susan Garcia, Manager of Services and Support, Budget

Gretchen Saunders		Dr. Alberto Vázquez
Chief Business Officer (813) 272-4270		Chief of Staff (813) 272-4986
		C 6.03
Hillsborough County Public Schools (Florida) * Mtg.#20160906_777 (Board Meeting followed by Public Hearing) * Section C Item# 6.03