HCPS FL Logo Facilities
Action Item
DATE: Tuesday, December 7, 2010
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Expenditure for Matching Funds Projects at Lake Magdalene Elementary School
EXECUTIVE SUMMARY
The Matching Funds program was established in 2001-2002 by the Superintendent to assist schools and their partners in raising funds for capital school improvements by matching dollars in any amount up to $50,000.  On October 26, 2009, a committee composed of elementary, middle and high school principals, and the Facilities Division, met to review and update the program procedures to be effective for the 2009-2010 fiscal year.  (Revised procedures are attached).

District Matching Funds are requested for purchasing technology for the classrooms at Lake Magdalene Elementary School.

STRATEGIC OBJECTIVES
• Construct and maintain facilities that create an environment conducive to teaching and learning
FINANCIAL IMPACT (Budgeted:  Yes)
Total project expenditures are $30,000 ($15,000 District's contribution, $15,000 Lake Magdalene Elementary School's contribution).  Expenditures are funded as follows:  a minimum contribution of 50% of the project cost from the school and the balance from Millage Matching Funds, not to exceed $50,000.
EVALUATION
SUBMITTED BY:  Toni Taylor, Accountant
    Cathy L. Valdes

  Chief Facilities Officer
(813) 272-4004
    A 6.02
Hillsborough County Public Schools (Florida) * Mtg.#20101207_432 (Board Meeting) * Section A Item# 6.02