Business Services Information Item

DATE:	Tuesday, September 6, 2016
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Monthly Financial Position Reports as of June 30, 2016 (Business Services Division)
EXECUTIVE SUMMARY
The 2015/2016 fiscal year budgets were adopted on September 8, 2015. The attached reports show revenues earned and funds expended through the period ended June 30, 2016.  The projected ending fund balances are the difference between anticipated revenues and expenditures.
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  Yes)
EVALUATION
The monthly financial positions 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, Budget Department 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 12.03
Hillsborough County Public Schools (Florida) * Mtg.#20160906_777 (Board Meeting followed by Public Hearing) * Section C Item# 12.03