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Business
Information Item
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DATE: Tuesday, May 6, 2008
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Monthly Financial Position Reports as of March 31, 2008 (Business Division)
EXECUTIVE SUMMARY
The Fiscal Year 2007/2008 budgets were adopted on September 6, 2007. The attached reports show revenues earned and funds expended through the period ended March 31, 2008. The projected ending fund balances are the difference between anticipated revenues and expenditures.
ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)
Other: Summary reports to ensure that all school district obligations and expenditures are within the appropriation allowed in the school district budget in accordance with Office of Program Policy and Government Accountability Best Financial Practices.
FINANCIAL IMPACT (Budgeted: Yes)
Fund balances for June 30, 2008, are subject to change based on additional revenue or expenditures not included in the current budgets.
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:
Susan Hinson, Senior Fiscal Analyst, Budget Department
Susan Garcia
Manager of Services & Support, Budget
(813) 272-4064
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Gretchen Saunders
Chief Business Officer
(813) 272-4270
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A 9.01
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Hillsborough County Public Schools (Florida) * Mtg.#20080506_292 * Section A Item# 9.01
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