Sarasota County Schools
Agenda Item #32
Title
APPROVAL OF THE SUPERINTENDENT'S FINANCIAL STATEMENTS FOR THE MONTH ENDING OCTOBER 31, 2013
Description
The Superintendent's Financial Statements for the month ending October 31, 2013 does not reflect any unexpected trends for the second quarter of the 2013-2014 fiscal year. The negative trend in the General Fund will continue until approximately December when property taxes are received and increase substantially from the prior month due to the retroactive salary increases paid on October 31st. A deficit will remain in the General Fund because of the anticipated use of unassigned fund balance included in the adopted budget.
Recommendation
That the Board approve the Superintendent's Financial Report for the month ending October 31, 2013 as presented.
Contact
WHITE & CORCORAN
Financial Impact
N/A
Attachment: October 2013 Supers Financial Report.pdf
Attachment: October 2013 Budget Supers Financial Report.pdf