Business Action Item

DATE:	Tuesday, October 27, 2015
TO:	School Board Members
FROM:	Jeff Eakins, Superintendent
SUBJECT / RECOMMENDATIONS
Approve Budget Amendments for the Period July 1, 2015 - September 30, 2015 (Business Division)
EXECUTIVE SUMMARY
The 2015/2016 fiscal year budgets were adopted on September 8, 2015.  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
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 complete.  The time of completion will vary based upon the activities of the auditors.
SUBMITTED BY:  Kristen Holmes, 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 6.13
Hillsborough County Public Schools (Florida) * Mtg.#20151027_703 (Board Meeting) * Section A Item# 6.13