e|agenda.NET Sarasota County Schools

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

June 21, 2011 Board Meeting Agenda Item #54 Title APPROVAL OF THE SUPERINTENDENT'S FINANCIAL STATEMENTS FOR THE MONTH ENDING APRIL 30, 2011 Description The Superintendent's Financial Statements for the month ending April 30, 2011, do not reflect any unexpected trends through ten months of the 2010-2011 fiscal year.  The supplemental schedules reflect the projected results of operations for the 2010-2011 fiscal year in the General Fund to come in better than is currently budgeted with an ending unreserved fund balance greater than required by Board policy.  In the Special Revenue Fund, revenue from Federal through State sources has decreased over 12%.  This is due to a reduced amount of American Recovery and Reinvestment Act (ARRA) funding being received this year. Recommendation That the Superintendent's Financial Statements for the month ending April 30, 2011, be approved as presented. Contact WHITE & CORCORAN/PEASLEE Financial Impact N/A Attachment:  April 2011.pdf Attachment:  Al's Attachment.pdf