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Hillsborough County Public Schools, Florida
Tuesday, 06/09/2020
School Board Meeting
Title

B6.02 - Approve the Continuation Budget for Fiscal Year 2020/2021 for Ordinary Expenditures such as Salaries, Supplies, Utilities, Debt Service Payments, Approved Capital Outlay Projects, Approved Capital Outlay Projects, and the Student Nutrition Services Program until such time as the 2020/2021 Hillsborough County Public Schools' Tentative Budget is Adopted Pursuant to Section 200.065, Florida Statutes (Financial Services Division)

Description

Section 1011.08, Florida Statutes, provides that during the period of July 1 until the date the tentative and final budgets become official, the Board is authorized to approve the continuation budget for ordinary expenditures including salary payments, which are critical to the operation of the District.

Gap Analysis

Without the adoption of the continuation budget the District would not be authorized to continue financial operations or be in compliance with Florida Statutes.

Previous Outcomes

The continuation budget for fiscal year 2019/2020 was adopted June 25, 2019. 

Expected Outcomes

Adoption of the continuation budget for fiscal year 2020/2021 will allow the District to operate until the tentative and final budgets are approved.

Strategic Plan Goal

* Establish a strong foundation of financial stewardship

Recommendation

Approve the continuation budget for fiscal year 2020/2021.

Contact

Susan Garcia, General Manager, Budget, Cash Management and Federal Finance, susan.garcia@hcps.net, (813) 272-4064

Financial Impact

Adoption of the continuation budget provides financial resources until the 2020/2021 Tentative and Final Budgets are approved. 

Review Comments

Gretchen Saunders , Chief Financial Officer (813) 272-4270