HCPS FL Logo Business Services
Information Item
DATE: Tuesday, October 4, 2016
TO: School Board Members
FROM: Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Governmental Entities must Report Fund Balance Totals at Fiscal Year-End.  As of June 30, 2016, the General Fund - Operating Fund Balance Totaled $146,074,970 (Business Services)
EXECUTIVE SUMMARY
The attached document details what Hillsborough County Public Schools was able to accomplish in fiscal year 2016.  All school sites, divisions, and employees had a part in our solution.  

The Operating Fund Balance was a work in progress, as we reviewed each expenditure to determine whether the amount could be appropriately charged to a revenue source other than the Operating Budget.  We examined a large number of costs that were paid out of the General Fund and we saw a savings in expenses; worked with existing vendors for increased rebates and changed contract terms; transferred expenditures out, where appropriate, to the other funds; and changed staffing formulas.

STRATEGIC OBJECTIVES
• Establish a strong foundation of financial stewardship
FINANCIAL IMPACT (Budgeted:  No)
EVALUATION
SUBMITTED BY: 
Gretchen Saunders   Dr. Alberto Vázquez
Chief Business Officer
(813) 272-4270
  Chief of Staff
(813) 272-4986
    C 13.05
Hillsborough County Public Schools (Florida) * Mtg.#20161004_766 (Board Meeting) * Section C Item# 13.05