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Business
Information Item
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DATE: Thursday, September 3, 2009
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Monthly Financial Position Reports as of June 30, 2009
(Business Division)
EXECUTIVE SUMMARY
The Fiscal Year 2008/2009 Budgets were adopted on September 4, 2008. The attached reports show revenues earned and expenditures from July 1, 2008 through June 30, 2009, and the ending fund balances.
ANNUAL DISTRICT GOAL(S) AND CRITICAL SUCCESS FACTOR(S)
* Align financial resources to support the district’s strategic goals, * Demonstrate best financial practices
FINANCIAL IMPACT (Budgeted: Yes)
The General Operating fund balance of $341,841,170.74, 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
Manager of Services and Support, Budget
(813) 272-4064
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Gretchen Saunders
Chief Business Officer
(813) 272-4270
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A 9.01
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Hillsborough County Public Schools (Florida) * Mtg.#20090903_360 * Section A Item# 9.01
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