e|agenda.NET Sarasota County Schools

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

November 17, 2015 Board Meeting Agenda Item #18 Title APPROVAL OF THE AMENDED ANNUAL FINANCIAL REPORT FOR THE FISCAL YEAR ENDED JUNE 30, 2015 Description The original AFR, approved on September 1, 2015 is being amended to incorporate the implementation of GASB Statement No. 68 Accounting and Financial Reporting for Pensions. This new accounting standard requires all governmental entities to include in their financial reporting the associated assets and liabilities related to pension benefits. At the time of the original AFR filing this information was not available from Florida Retirement System. We have now received the required information and modified our year-end financial statements to incorporate these changes. Recommendation That the Board approves the amended Annual Financial Report for the 2014-2015 fiscal year as presented. Contact WHITE & CORCORAN Financial Impact N/A Attachment:  amended ESE145 to Board.pdf Attachment:  amended MD&A for CAFR 2015 to Board.pdf Attachment:  amended NOTES_CAFR 2015 to Board.pdf