e|agenda.NET Sarasota County Schools

THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 p.m.

February 19, 2013 Board Meeting Agenda Item #30 Title APPROVAL OF THE SUPERINTENDENT'S FINANCIAL STATEMENTS FOR THE MONTH ENDING DECEMBER 31, 2012 Description The Superintendent's Financial Statements for the month ending December 31, 2012 does not reflect any unexpected trends for the second quarter of the 2012-2013 fiscal year.  The General Fund has reversed the negative trend in unrestricted fund balance with the receipt of property tax revenue.  However, deficit spending will increase because of  the budgeted decrease in fund balance in the General fund due to continuing State cuts and decreases in local revenue.  With the implementation of Crosspointe software in August 2011 we are now more accurately reflecting our liabilities for payables. Recommendation That the Superintendent's Financial Statements for the month ending December 31, 2012 be approved by the Board as presented.       Contact WHITE & CORCORAN Financial Impact N/A Attachment:  December 2012 Super's Report.pdf Attachment:  Dec 12-13final.pdf