Hillsborough County Public Schools Facilities
Action Item

DATE: Thursday, November 6, 2008
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Approve Expenditure for Matching Funds Project at
FishHawk Creek Elementary School

EXECUTIVE SUMMARY

The matching funds program was established in 2001-02 by the Superintendent to assist schools and their partners in raising funds for school improvements by matching dollars in any amount up to $50,000. On January 22, 2004, a committee composed of representatives from the County Council PTA, elementary, middle, and high school principals, students, teachers, and the Facilities Division met to review the procedures approved by the Board on October 15, 2002. Revisions to program procedures were recommended and approved by the Board on March 9, 2004, and were effective for the 2004-05 fiscal year. (Criteria - Attached)

District matching funds are requested for the completion of the project budget at FishHawk Creek Elementary School for a covered playcourt.

ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)

All Strategic Objectives

FINANCIAL IMPACT (Budgeted: Yes)

Total project expenditure is $174,598 ($50,000 District's contribution, $124,598 school's contribution) for FishHawk Creek Elementary School. The District is matching the maximum of $50,000 per school, per three year period. Expenditures are funded as follows: a minimum contribution of 50% of the project cost from the school and the balance Millage matching funds, not to exceed $50,000. The balance of matching funds remaining for use in 2008-09 is $67,425.11.

EVALUATION

SUBMITTED BY: Gwen Christensen, Accountant



Cathy L. Valdes
Chief Facilities Officer
(813) 272-4004
A 6.01b
Hillsborough County Public Schools (Florida) * Mtg.#20081106_303 * Section A Item# 6.01b