Created : March 02, 2014 at 06:21 PM
February 19, 2014
Status:
Approve the attached Capital Funds Budget Amendments for Fiscal Year 2013-2014. These amendments are as of December, 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)
There are no changes to the capital budget revenue estimates between July 1, 2013 and December 31, 2013.
Appropriations (Exhibit B)
Reclassifications:
Changes this month in the appropriations summary are only reclassifications and do not change the budgeted amount for any capital projects. The amounts being reclassified are to align with the ongoing activity within the budgeted projects.
Capital Reserves (Exhibit C)
Reserve Uses:
The Long Term Reserve is being increased by $68,018 to reflect the budgetary impacts from previous School Board Agenda Items approved between July 1, 2013 and December 31, 2013.
There is no additional financial impact to any capital projects for this agenda as of December, 2013 as indicated on Exhibit C. There is a $68,018 increase to the long term reserve as described in the Summary Explanation and Background.
Requested Action
Approve the attached Capital Funds Budget Amendments for Fiscal Year 2013-2014. These amendments are as of December, 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)
There are no changes to the capital budget revenue estimates between July 1, 2013 and December 31, 2013.
Appropriations (Exhibit B)
Reclassifications:
Changes this month in the appropriations summary are only reclassifications and do not change the budgeted amount for any capital projects. The amounts being reclassified are to align with the ongoing activity within the budgeted projects.
Capital Reserves (Exhibit C)
Reserve Uses:
The Long Term Reserve is being increased by $68,018 to reflect the budgetary impacts from previous School Board Agenda Items approved between July 1, 2013 and December 31, 2013.
School Board Goals
| Goal 3: Effective Communication |
Financial Impact
There is no additional financial impact to any capital projects for this agenda as of December, 2013 as indicated on Exhibit C. There is a $68,018 increase to the long term reserve as described in the Summary Explanation and Background.
Source of Additional Information
Omar Shim, Director 754 321-8200
Associated File Attachments
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Capital Projects Revenue Summary - Exhibit A (Files) | |
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Capital Projects Appropriation Summary - Exhibit B (Files) | |
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Capital Projects Reserve - Activity - Exhibit C (Files) | |
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ExecutedARF (Files) |