Created : January 02, 2013 at 02:05 PM
July 24, 2012
Status:
Approve the attached Capital Funds Budget Amendments for Fiscal Year 2011-2012. These amendments are as of May, 2012.
This amendment is being submitted to adjust revenue and appropriations in the Capital Budget. The major changes reflected in this amendment are summarized below:
Appropriations (Exhibit B)
Reclassifications:
Changes this month in the appropriations summary are only reclassifications and do not change the budgeted amount for any projects. (See footnote on the Capital Projects Appropriation Summary - Exhibit B.)
Reserve Activity (Exhibit C)
A detailed listing of the approved reserve activity changes this month are shown in Exhibit C. These changes make up the amounts shown in the Financial Impact section of this agenda item.
The financial impact of this agenda item is decreasing the Capital Projects Reserve ($560,143) and increasing the Designated Reserve $1,254,308 as of May, 2012 as indicated on Exhibit C.
Requested Action
Approve the attached Capital Funds Budget Amendments for Fiscal Year 2011-2012. These amendments are as of May, 2012.
Summary
This amendment is being submitted to adjust revenue and appropriations in the Capital Budget. The major changes reflected in this amendment are summarized below:
Appropriations (Exhibit B)
Reclassifications:
Changes this month in the appropriations summary are only reclassifications and do not change the budgeted amount for any projects. (See footnote on the Capital Projects Appropriation Summary - Exhibit B.)
Reserve Activity (Exhibit C)
A detailed listing of the approved reserve activity changes this month are shown in Exhibit C. These changes make up the amounts shown in the Financial Impact section of this agenda item.
School Board Goals
| Goal Three: Safety (2008-2011) | ||
| Goal One: Student Achievement (2008-2011) |
Financial Impact
The financial impact of this agenda item is decreasing the Capital Projects Reserve ($560,143) and increasing the Designated Reserve $1,254,308 as of May, 2012 as indicated on Exhibit C.
Source of Additional Information
Omar Shim 754 321 8200
Associated File Attachments
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Summary Revenue Report May 2012 (Files) | |
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Summary Appropriations Report May 2012 (Files) | |
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Summary Report Reserves- May 2012 (Files) | |
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ExecutedARF (Files) |