HCPS FL Logo Business
Information Item
DATE: Tuesday, January 24, 2012
TO: School Board Members
FROM: MaryEllen Elia, Superintendent
SUBJECT / RECOMMENDATIONS
Monthly Financial Position Reports as of November 30, 2011  (Business Division)
EXECUTIVE SUMMARY
The Fiscal Year 2011/2012 budgets were adopted on September 6, 2011.  The attached reports show revenues earned and funds expended through the period ended November 30, 2011.  The projected ending fund balances are the difference between anticipated revenues and expenditures.
STRATEGIC OBJECTIVES
• Align financial resources to support the district’s strategic goals • Demonstrate best financial practices
FINANCIAL IMPACT (Budgeted:  Yes)
Fund balances for June 30, 2012, are subject to change based on additional revenue or expenditures not included in the current budgets.
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   Gretchen Saunders
Manager of Services and Support, Budget
(813) 272-4064
  Chief Business Officer
(813) 272-4270
    A 9.03
Hillsborough County Public Schools (Florida) * Mtg.#20120124_491 (Board Meeting) * Section A Item# 9.03