HCPS FL Logo Business
Action Item
DATE: Tuesday, December 13, 2011
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Budget Amendments for the Period Ended October 31, 2011 (Business Division)
EXECUTIVE SUMMARY
The fiscal year 2011/2012 budgets were adopted on September 6, 2011.  Thereafter, the budgets are amended as necessary and submitted to the Board for approval in the form of budget amendments (attached) following each period ending.
STRATEGIC OBJECTIVES
• Align financial resources to support the district’s strategic goals • Demonstrate best financial practices
FINANCIAL IMPACT (Budgeted:  Yes)
The revenue budgets are increased/decreased to reflect the most current estimates or actual revenue received.  The expenditure budgets are adjusted accordingly to reflect a balanced budget.
EVALUATION
The budget amendments 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   Gretchen Saunders
Manager of Services and Support, Budget
813-272-4064
  Chief Business Officer
(813) 272-4270
    A 5.31
Hillsborough County Public Schools (Florida) * Mtg.#20111213_480 (Board Meeting) * Section A Item# 5.31