e|agenda.NET Sarasota County Schools

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

November 15, 2016 Board Meeting Agenda Item #25 Title APPROVAL OF THE SUPERINTENDENTS FINANCIAL STATEMENTS FOR THE MONTH ENDING SEPTEMBER 30, 2016 Description The Superintendent's Financial Statements for the month ending September 30, 2016 did not reflect any unexpected trends for the first quarter of the 2016-2017 fiscal year. With the District becoming self-insured for health coverage as of January 1, 2016, the Internal Service funds reflect greater revenues and expenditures as well as restricted fund balance amounts when compared to the financial statements for the same time last year. In addition, budgeted usage of fund balance in the internal service funds are higher to cover claims that have been incurred, but not paid. The negative trend in the General Fund will continue until approximately November when property taxes are received. Recommendation That the Board approves the Superintendent's Financial Statements for the month ended September 30, 2016 as presented. Contact WHITE & CORCORAN Financial Impact N/A Attachment:  Sept 16-17 supers.pdf