Hillsborough County Public Schools Business
Information Item

DATE: Tuesday, July 12, 2005
TO: School Board Members
FROM: MaryEllen Elia, Superintendent

SUBJECT / RECOMMENDATIONS

Accept the Monthly Financial Position Reports as of May 31, 2005 as Informational Items (Business Division)

EXECUTIVE SUMMARY

The Fiscal Year 2004/2005 Budgets were adopted on September 7, 2004. The attached reports show the revenues earned and anticipated to be earned, and the funds spent and anticipated to be spent for the fiscal year. The projected ending fund balances are the difference between anticipated revenues and expenditures.

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

Other: Summary reports to ensure that all school district obligations and expenditures are within the appropriation allowed in the school district budget in accordance with OPPAGA’S Best Financial Practices.

FINANCIAL IMPACT (Budgeted: Yes)

Fund balances for June 30, 2005, are subject to change based on additional revenue or expenditures not included in the current budgets.

EVALUATION

SUBMITTED BY: Susan Hinson

Carol MacLeod
General Manager, Budget and Federal Finance
(813) 272-4064
Gretchen Saunders
Chief Business Officer
(813) 272-4270
F 5.01
Hillsborough County Public Schools (Florida) * Mtg.#20050712_146 * Section F Item# 5.01