The School Board of Broward County, Florida
Created : September 07, 2013 at 05:24 AM |
Meeting: Regular School Board Meeting : K. Office of Financial Management | |||||
K-5. Advertisement of the Tentative District School Budget for Fiscal Year 2013-2014 (C)
July 23, 2013 Status: |
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Quick Summary / Abstract
REVISED Approve the advertisement of the Tentative School Budget for Fiscal Year 2013-2014. The Department of Education is not required to provide school districts the Required Local Effort (RLE) before July 19th. The Florida Department of Education released the budget information on July 16, 2013. Therefore, we have revised the agenda item accordingly. The highlighted items on the schedules denote the items impacted by the RLE rate change and necessary adjustments made to the tentative budget. The Legislature has increased the RLE millage for fiscal year 2013-14. In order to participate in the Florida Education Finance Program (FEFP), the School District is required to levy the Required Local Effort provided by the state. The RLE rate has increased by Pursuant to Chapter 200.065 of the Florida Statutes, the School District is required to advertise its intent to adopt a tentative budget in a newspaper within 29 days of certification of value (July 1, 2013). The total school district's budget, excluding transfers out of The major components of the District's budget are the $2.1 billion general fund and the $0.5 billion capital budget. The overall General Fund allocation decreased by $133,055 as compared to the information prior to July 16, 2013. Requested Action REVISED Approve the advertisement of the Tentative School Budget for Fiscal Year 2013-2014. Summary The Department of Education is not required to provide school districts the Required Local Effort (RLE) before July 19th. The Florida Department of Education released the budget information on July 16, 2013. Therefore, we have revised the agenda item accordingly. The highlighted items on the schedules denote the items impacted by the RLE rate change and necessary adjustments made to the tentative budget. The Legislature has increased the RLE millage for fiscal year 2013-14. In order to participate in the Florida Education Finance Program (FEFP), the School District is required to levy the Required Local Effort provided by the state. The RLE rate has increased by Pursuant to Chapter 200.065 of the Florida Statutes, the School District is required to advertise its intent to adopt a tentative budget in a newspaper within 29 days of certification of value (July 1, 2013). School Board Goals
Financial Impact The total school district's budget, excluding transfers out of The major components of the District's budget are the $2.1 billion general fund and the $0.5 billion capital budget. The overall General Fund allocation decreased by $133,055 as compared to the information prior to July 16, 2013. Source of Additional Information Oleg Gorokhovsky 754 321-8354 Associated File Attachments |