e|agenda.NET Sarasota County Schools |
THE SCHOOL BOARD OF SARASOTA COUNTY, FLORIDA Landings Administrative Complex 1980 Landings Blvd. 6:30 P.M. |
Agenda Item #33 Title APPROVAL OF THE SUPERINTENDENT'S FINANCIAL STATEMENT FOR THE MONTH OF JANUARY 2012 Description The Superintendent's Financial Statements for the month ending January 31, 2012 does not reflect any unexpected trends for the 2011-2012 fiscal year. Deficit spending will continue in the General Fund as fund balance has been budgeted to decrease this fiscal year due to State revenue shortfalls and reduced property tax revenues. The large variance between 2012 and 2011 on the District's balance sheet at January 31, 2012 for accounts payable is as a result of the implementation of the CrossPointe software in August 2011. The District is now more appropriately reflecting our accounts payable liabilities and actual expenses in the period they are incurred rather than the period paid. Recommendation That the Superintendent's Financial Statement for the month of January 2012, be approved as presented. Contact WHITE & CORCORAN Financial Impact N/A Attachment: Superintendent's Financial Report January 2012.pdf Attachment: Supers January 2012.pdf |