Approve Expenditure for Matching Funds Projects at
Buckhorn Elementary School and Burnett and Stewart Middle Schools

The matching funds program was established in 2001-02 by the Superintendent to assist schools and their partners in raising funds for school improvements by matching dollars in any amount up to $50,000. On January 22, 2004, a committee composed of representatives from the County Council PTA, elementary, middle, and high school principals, students, teachers, and the Facilities Division met to review the procedures approved by the Board on October 15, 2002. Revisions to program procedures were recommended and approved by the Board on March 9, 2004, and were effective for the 2004-05 fiscal year. (Criteria - Attached)

District matching funds are requested for the completion of the project budgets at Buckhorn Elementary School for media center renovations, at Burnett Middle School for a new school marquee, and at Stewart Middle School for Hillsborough River shoreline restoration (in partnership with the Southwest Florida Water Management District).

Total project expenditures are $16,406.46 ($8,203.14 District's contribution, $8,203.32 school's contribution) for Buckhorn Elementary School, $30,000 ($15,000 District's contribution, $15,000 school's contribution) for Burnett Middle School, and $100,000 ($50,000 District's contribution, $50,000 school's contribution) for Stewart Middle School. The District is matching the maximum of $50,000 per school, per three year period. Expenditures are funded as follows: a minimum contribution of 50% of the project cost from the school and the balance from Local Millage matching funds, not to exceed $50,000. The balance of matching funds remaining for use in 2008-09 is $117,425.11.