Business
Information Item |
DATE: | Tuesday, September 6, 2011 |
TO: | School Board Members |
FROM: | MaryEllen Elia, Superintendent |
SUBJECT / RECOMMENDATIONS | |
Monthly Financial Position Reports as of June 30, 2011 (Business Division) | |
EXECUTIVE SUMMARY | |
The 2010/2011 fiscal year budgets were adopted on September 7, 2010. The attached reports show revenues earned and funds expended from July 1, 2010 through June 30, 2011, and the ending fund balances. | |
STRATEGIC OBJECTIVES | |
• Align financial resources to support the district’s strategic goals • Demonstrate best financial practices | |
FINANCIAL IMPACT (Budgeted: Yes) | |
The General Operating fund balance of $361,061,476.20 includes a reserve for inventory, encumbrances, grants, state categoricals, and special programs. | |
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 | Gretchen Saunders | |
Manager of Services and Support, Budget (813) 272-4064 |
Chief Business Officer (813) 272-4270 |
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A 9.02 | ||
Hillsborough County Public Schools (Florida) * Mtg.#20110906_471 (Board Meeting followed by Public Hearing) * Section A Item# 9.02 |