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Sarasota County Schools
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 3:00 p.m.
March 21, 2017 Board Meeting
Agenda Item #25


Title
APPROVAL OF BUDGET AMENDMENTS FOR THE GENERAL FUND AND THE CAPITAL FUND

Description

The Budget Amendments reflects the results of operations through February 28, 2017.  General revenues are being adjusted to reflect receipt of the Best and Brightest Scholarship award and recognition of the collection of property taxes at the 97% level.  General appropriations are being adjusted to reflect the negotiated salary settlement, early implementation of hiring the Assistant Superintendent – Chief Academic Officer, early implementation of filling the Executive Director of Human Resources, and early implementation of two Administrative Assistants.  Capital revenues are being adjusted to recognize the collection of property taxes at the 97% level, County Impact Fees coming in above the original budget, increases in Sales Tax Revenue, and the receipt of refunds of fuel taxes above the original budget.  Capital appropriations are being adjusted to allow for improvements to the Venice High School track and early implementation of funding for renovations at Venice Middle School.  A change to the funding for the purchase of furniture and equipment for the new Suncoast Technical College – North Port from General Revenue to the Capital fund is also included impacting both amendments.



Recommendation

That the Budget Amendments be approved as presented.

 



Contact
BOWDEN & CORCORAN

Financial Impact
N/A


Attachment:  Budget Amendment Number Two for General Fund & Capital Outlay.pdf