Business Services Action Item

DATE:	Tuesday, January 15, 2019
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Approve the Popular Annual Financial Report (PAFR) for the Fiscal Year ended June 30, 2018 (Business Services Division)
EXECUTIVE SUMMARY
On September 11, 2018, the unaudited Report of Financial Data (Superintendent’s Annual Financial Report) was submitted to the Board for approval and subsequently sent to the Florida Department of Education, as required by law. The PAFR submitted here is in addition to the district’s audited financial statements, the Comprehensive Annual Financial Report. This report summarizes financial activities and is intended to create an awareness of the financial operations in our district and provide transparency to the community. Last year, our district submitted its first PAFR to the Government Financial Officers Association (GFOA) for evaluation of the Award for Outstanding Achievement in Popular Annual Financial Reporting. The award is a prestigious national award recognizing conformance with the highest standards for preparation of state and local government popular reports. On March 13, 2018, the district received notice from the GFOA that The School District of Hillsborough County, Florida was the recipient of the Award for Outstanding Achievement in Popular Financial Reporting for its Annual Financial Report for the Fiscal Year Ended June 30, 2017.  To our knowledge, we were the first school district in the state of Florida to receive this award.
STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  Yes)
The district’s Central Printing shop will provide the cover, paper, printing, and binding of this report at a cost of $240. The cost to submit the PAFR to GFOA is $225. The funds for these costs are available in the Accounting Department’s budget.
EVALUATION
SUBMITTED BY:  Stephanie Heaton, Manager, District Accounting

Stephanie Heaton		Gretchen Saunders
Manager, District Accounting (813) 272-4292		Chief Business Officer (813) 272-4270
		C 6.03
Hillsborough County Public Schools (Florida) * Mtg.#20190115_916 (Board Meeting followed by Public Hearing) * Section C Item# 6.03