e|agenda.NET Sarasota County Schools

THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 6:30 p.m p.m.

January 8, 2013 Board Meeting Agenda Item #52 Title Approval of the Superintendent's Financial Report for the Month of October 2012 Description The Superintendent's Financial Statements for the month ending October 31, 2012 does not reflect any unexpected trends for the second quarter of the 2012-2013 fiscal year.  The negative trend in the General Fund will continue until approximately November when property taxes are received.  However, the deficit 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 Board approve the report as presented.    Contact WHITE & CORCORAN Financial Impact N/A Attachment:  Oct 12-13.pdf Attachment:  Oct 2012 Supers Rpt Exec Summary.pdf