Sarasota County Schools
Agenda Item #28
Title
APPROVAL OF SUPERINTENDENT'S FINANCIAL STATEMENTS FOR THE MONTH ENDING DECEMBER 31, 2010
Description
The Superintendent's Financial Statements for the month ending December 31, 2010, do not reflect any unexpected trends at the mid- point of the 2010-11 fiscal year. The negative trend in the General Fund has reversed itself due to the large receipt of property tax revenues during the month. However, deficit spending in the General Fund will continue in future months as fund balance has been budgeted to decrease this fiscal year due to State revenue shortfalls and reduced property tax revenues. The Self Insurance revenues have decreased approximately 47% from the prior year. This is due to the change in the percentage to the other funds for worker's compensation from 1% to 0.1%.
Recommendation
That the Superintendent's Financial Statements for the month ending December 31, 2010, be approved as presented.
Contact
WHITE & CORCORAN/PEASLEE
Financial Impact
N/A
Attachment: December 2010.pdf
Attachment: Attachment for Dec Report.pdf