Sarasota County Schools
Agenda Item #37
Title
APPROVAL OF SUPERINTENDENT'S FINANCIAL STATEMENTS FOR THE MONTH ENDING MARCH 31, 2011
Description
The Superintendent's Financial Statements for the month ending March 31, 2011, do not reflect any unexpected trends through nine months of the 2010-2011 fiscal year. The supplemental schedules reflect the projected results of operations for the 2010-2011 fiscal year in the General Fund to come in better than is currently budgeted with an ending unreserved fund balance greater than required by Board policy. In the Special Revenue Fund, revenue from Federal through State sources has decreased over 5%. This is due to a reduced amount of American Recovery and Reinvestment Act (ARRA) funding being received this year.
Recommendation
That the Superintendent's Financial Statements for the month ending March 31, 2011, be approved as presented.
Contact
WHITE & CORCORAN/PEASLEE
Financial Impact
N/A
Attachment: March 2011.pdf
Attachment: Supt Report Attachment.pdf