e|agenda.NET Sarasota County Schools

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

January 17, 2017 Board Meeting Agenda Item #25 Title APPROVAL OF THE SUPERINTENDENT'S FINANCIAL STATEMENTS FOR THE MONTH ENDING NOVEMBER 30, 2016 Description The Superintendent's Financial Statements for the month ending November 30, 2016 did not reflect any unexpected trends for the second 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 General Fund has reversed the negative trend with the receipt of property tax revenue. Recommendation That the Board approves the Superintendent's Financial Statements for the month ending November 30, 2016 as presented. Contact WHITE & CORCORAN Financial Impact N/A Attachment:  Nov16-17 supers.pdf Attachment:  Superintendent's Report Attachment A.pdf