Created : September 07, 2013 at 05:24 AM
July 23, 2013
Status:
Approve the attached Capital Funds Budget Amendments for Fiscal Year 2012-2013. These amendments are as of May 2013.
This amendment is being submitted to adjust revenue and appropriations in the Capital Budget. The major changes reflected in this amendment are summarized below.
Revenues (Exhibit A)
* Financing sources were increased $5,031,765 for the lease that was approved to purchase 50 school buses (Item EE-3 from the December 4, 2012 regular school board meeting)
Appropriations (Exhibit B)
* Appropriations for vehicles were increased $5,031,765 to account for the approved purchase of the 50 school buses (Item EE-3 from the December 4, 2012 regular school board meeting)
Capital Projects Reserves (Exhibit C)
* No changes for this period
Long Term Reserve (Exhibit C)
* No changes for this period
This item reports revenue adjustments and the budgetary impacts of previous School Board actions. Financing sources were increased $5,031,765 for the lease that was approved to purchase 50 school buses (Item EE-3 - December 4, 2012) as indicated on Exhibit A. Appropriations for vehicles were increased to account for the approved purchase of the 50 school buses as indicated on Exhibit B.
Requested Action
Approve the attached Capital Funds Budget Amendments for Fiscal Year 2012-2013. These amendments are as of May 2013.
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.
Revenues (Exhibit A)
* Financing sources were increased $5,031,765 for the lease that was approved to purchase 50 school buses (Item EE-3 from the December 4, 2012 regular school board meeting)
Appropriations (Exhibit B)
* Appropriations for vehicles were increased $5,031,765 to account for the approved purchase of the 50 school buses (Item EE-3 from the December 4, 2012 regular school board meeting)
Capital Projects Reserves (Exhibit C)
* No changes for this period
Long Term Reserve (Exhibit C)
* No changes for this period
School Board Goals
| Goal 3: Effective Communication |
Financial Impact
This item reports revenue adjustments and the budgetary impacts of previous School Board actions. Financing sources were increased $5,031,765 for the lease that was approved to purchase 50 school buses (Item EE-3 - December 4, 2012) as indicated on Exhibit A. Appropriations for vehicles were increased to account for the approved purchase of the 50 school buses as indicated on Exhibit B.
Source of Additional Information
Omar Shim, Director 754 321-8200
Associated File Attachments
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Exhibit A - Revenues for May 2013 (Files) | |
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Exhibit B - Appropriations for May 2013 (Files) | |
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Exhibit C - Reserve for May 2013 (Files) | |
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ExecutedARF (Files) |