SCHOOL DISTRICT OF PALM BEACH COUNTY DISTRICT OF PALM BEACH COUNTY Agenda ... 21st CCLC Dazzling...

SCHOOL DISTRICT OF PALM BEACH COUNTY

Agenda School Board Meeting – April 15, 2015 Category Consent

Sub-Category Budget

Title B1 Budget Amendments –February 2015 Description These amendments reflect all budget adjustments for the month of February 2015.

1. General Fund 2. Debt Service Fund 3. Capital Projects Fund 4. Special Revenue Fund – Food Service 5. Special Revenue Fund – Other Federal Programs 6. Special Revenue Fund – Race to the Top 7. Internal Service Fund

Recommendation I recommend the School Board approve the budget amendments for month-end February 28, 2015.

CONTACT:

Michael J. Burke ([email protected])

Heather Knust ([email protected])

Attachments February 2015 Amendments

FINANCIAL IMPACT

The financial impact to the Capital Projects Fund is an increase of $21,532. The financial impact to the Special Revenue Fund – Other Federal Programs is an increase of $817,126. The remaining funds had no financial impact. All funds have been appropriated in school, department, and reserve budgets.

mailto:[email protected]

mailto:[email protected]

Board Meeting Date: April 15, 2015

SCHOOL DISTRICT OF PALM BEACH COUNTY

EXECUTIVE SUMMARY DIVISION OF FINANCIAL MANAGEMENT

BUDGET AMENDMENTS – FEBRUARY 2015

1. General Fund (pages 1- 2) No net change to revenue. Appropriations have been amended to direct resources as needed and as required by statute.

2. Debt Service Fund (pages 3- 4) No net change to revenue. Appropriations have been amended to direct resources where needed.

3. Capital Projects Fund (pages 5- 6) Capital Projects Fund revenue increased $21,532. Appropriations have been amended as needed to

carry out the Five Year Capital Plan. 4. Special Revenue Fund – Food Service (pages 7- 8) No net change to revenue. 5. Special Revenue Fund - Other Federal Programs (pages 9- 10) Special Revenue Fund – Other Federal Programs revenue increased $817,126. Appropriations have

been adjusted in accordance with the terms of each grant. Major adjustments to revenue are shown below:

Federal through State and Local:

21st CCLC Dazzling Starz (FY2015 Award) $699,600

6. Special Revenue Fund – Race to the Top (pages 11- 12) No net change to revenue. 7. Internal Service Fund (pages 13- 14)

No net change to revenue. Appropriations have been amended to direct resources as needed.

Revised

Account Revenue Revenue

Number (1/31/2015) Amendments (2/28/2015)

FEDERAL DIRECT:

Federal Impact 3121 7,000$ -$ 7,000$ Reserve Officers Training Corps (ROTC) 3191 1,000,000 - 1,000,000 Miscellaneous Federal Direct 3199 - - - Total Federal Revenue 1,007,000$ -$ 1,007,000$

FEDERAL THROUGH STATE AND LOCAL:

Medicaid 3202 7,200,000$ -$ 7,200,000$ Miscellaneous Federal through State 3299 - - - Total Federal Through State Revenue 7,200,000$ -$ 7,200,000$

STATE SOURCES:

Florida Education Finance Program (FEFP) 3310 242,420,652$ -$ 242,420,652$ Workforce Development 3315 17,026,477 - 17,026,477 Workforce Educ Performance Incentive 3317 - - - Adults with Disabilities 3318 760,481 - 760,481 CO&DS Withheld for Administrative Expense 3323 100,000 - 100,000 State License Tax 3343 260,000 - 260,000 District Discretionary Lottery Funds 3344 1,881,953 - 1,881,953 Class Size Reduction/Operating Funds 3355 209,847,655 - 209,847,655 School Recognition Funds 3361 8,436,400 - 8,436,400 Excellent Teaching Program 3363 - - - Voluntary Prekindergarten Program 3371 3,812,000 - 3,812,000 Other Miscellaneous State Revenue 3399 300,000 - 300,000 Total State Revenue 484,845,618$ -$ 484,845,618$

LOCAL SOURCES:

District School Tax 3411 880,038,583$ -$ 880,038,583$ Payment in Lieu of Taxes 3422 40,000 - 40,000 Rent 3425 800,000 - 800,000 Interest, Including Profit On Investments 3430 925,000 - 925,000 Gifts, Grants and Bequests 3440 1,900,000 - 1,900,000 Adult General Education Course Fees 3461 600,000 - 600,000 GED Testing Fees 3467 140,000 - 140,000 Other Student Fees 3469 1,725,000 - 1,725,000 Preschool Program Fees 3471 325,000 - 325,000 School Age Child Care Fees 3473 29,960,377 - 29,960,377 Miscellaneous Local Sources 3490 24,973,905 - 24,973,905 Total Local Revenue 941,427,865$ -$ 941,427,865$

OTHER FINANCING SOURCES:

Sale of Capital Assets 3730 4,900,000$ -$ 4,900,000$ Loss Recoveries 3740 2,000,000 - 2,000,000 Transfers In:

From Debt Service Funds 3620 - - - From Capital Projects Funds 3630 95,125,307 - 95,125,307 From Internal Service Funds 3670 11,200,000 - 11,200,000 Total Other Financing Sources 113,225,307 - 113,225,307

FUND BALANCE, JULY 1, 2014 2800 111,813,314$ -$ 111,813,314$

TOTAL ESTIMATED REVENUES, OTHERFINANCING SOURCES, AND FUND BALANCE 1,659,519,104$ -$ 1,659,519,104$

THE SCHOOL DISTRICT OF PALM BEACH COUNTY, FLORIDA

Comparison of Revenue by State Function

2014-2015 Budget AmendmentGeneral Fund

April 15, 2015Page 1 of 14February 2015 Amendments

Revised

Account Appropriations Appropriations


APPROPRIATIONS:

Instruction 5000 1,057,262,370$ 92,133$ 1,057,354,503$

Pupil Personnel Services 6100 45,633,846 78,755 45,712,601

Instructional Media Services 6200 18,957,848 (157) 18,957,691

Instruction & Curriculum Development Serv. 6300 33,693,600 64,621 33,758,221

Instructional Staff Training Services 6400 10,710,348 (27,663) 10,682,684

Instruction Related Technology 6500 9,055,779 (23,578) 9,032,201

Board 7100 7,412,812 87,000 7,499,812

General Administration 7200 6,469,450 - 6,469,450

School Administration 7300 96,145,362 (88,018) 96,057,344

Facilities Acquisition & Construction 7400 879,300 - 879,300

Fiscal Services 7500 6,060,736 13,060 6,073,796

Food Service 7600 84,875 4,037 88,912

Central Services 7700 16,034,064 - 16,034,064

Pupil Transportation Services 7800 46,730,410 15,935 46,746,345

Operation of Plant 7900 127,279,034 (112,020) 127,167,014

Maintenance of Plant 8100 77,954,185 2,262 77,956,447

Administrative Technology Services 8200 7,993,417 - 7,993,417

Community Services 9100 42,751,974 (119,399) 42,632,575

Debt Service 9200 121,971 - 121,971

Other Capital Outlay 9300 - - -

Total Appropriations 1,611,231,380$ (13,032)$ 1,611,218,348$

OTHER FINANCING USES:

Transfers Out: (Function 9700)

To Debt Service Funds 920 -$ -$ -$

To Capital Projects Funds 930 87,724 13,032 100,756

Total Other Financing Uses 87,724$ 13,032$ 100,756$

FUND BALANCE, JUNE 30, 2015 2700 48,200,000$ -$ 48,200,000$

TOTAL APPROPRIATIONS, OTHERFINANCING USES, AND FUND BALANCE 1,659,519,104$ -$ 1,659,519,104$

2014-2015 Year-End Budget AmendmentGeneral Fund

Comparison of Appropriations by State Function



Revised



FEDERAL DIRECT SOURCES:

Other Federal Direct 3199 3,258,963$ -$ 3,258,963$ Total Federal Direct Revenue 3,258,963$ -$ 3,258,963$

STATE SOURCES:

CO & DS Distributed 3321 -$ -$ -$ CO & DS Withheld for SBE/COBI Bonds 3322 5,109,404 - 5,109,404 Total State Revenue 5,109,404$ -$ 5,109,404$

LOCAL SOURCES:

District Debt Service Taxes 3412 -$ -$ -$ Local Sales Tax 3418 - - - Tax Redemptions 3421 - - - Excess Fees 3423 - - - Rent 3425 - - - Interest, Including Profit On Investments 3430 - - - Gifts, Grants and Bequests 3440 - - - Refund - Prior Year Expenditures 3497 - - - Total Local Revenue -$ -$ -$


Sale of Bonds 3710 -$ -$ -$ Proceeds of Refunding Bonds 3715 - - - Loans 3720 - - - Proceeds of Certificates of Participation 3750 - - - Proceeds Refunding Lease-Purchase 3755 178,815,000 - 178,815,000 Premium of Refunding Bonds 3792 - - - Premium of Refunding Lease-Purchase 3794 28,968,357 - 28,968,357 Transfers In:

From General Fund 3610 - - - From Capital Projects Funds 3630 149,400,664 - 149,400,664 Total Other Financing Sources 357,184,020$ -$ 357,184,020$


TOTAL ESTIMATED REVENUES, OTHERFINANCING SOURCES, AND FUND BALANCE 476,222,268$ -$ 476,222,268$



2014-2015 Budget AmendmentDebt Service Fund


Revised



DEBT SERVICES (Function 9200):

Redemption of Principal 710 74,925,305$ (150,000)$ 74,775,305$

Interest 720 74,054,623 350,001 74,404,623

Dues and Fees 730 2,384,704 (200,001) 2,184,703

Payments-Refunded Escrow 760 209,342,235 - 209,342,235

Miscellaneous Expenses 790 - - -

Total Appropriations 360,706,867$ -$ 360,706,867$



To General Fund 910 -$ -$ -$

To Capital Projects Funds 930 - - -

Total Other Financing Uses -$ -$ -$


TOTAL APPROPRIATIONS, OTHERFINANCING USES, AND FUND BALANCE 476,222,268$ -$ 476,222,268$

2014-2015 Budget AmendmentDebt Service Fund




Revised



STATE SOURCES:

Misc. Federal through State 3299 -$ -$ -$ CO & DS Distributed 3321 1,182,945 - 1,182,945 Interest on Undistributed CO & DS 3325 29,228 - 29,228 Public Education Capital Outlay (PECO) 3391 3,405,197 - 3,405,197 Charter School Capital Outlay Funding 3397 5,470,110 - 5,470,110 Other Miscellaneous State Revenue 3399 - - - Total State Revenue 10,087,480$ -$ 10,087,480$

LOCAL SOURCES:

District Debt Service Taxes 3413 216,148,322$ -$ 216,148,322$ Local Sales Tax 3418 - - - Tax Redemptions 3421 - - - Interest, Including Profit On Investments 3430 500,000 - 500,000 Gifts, Grants and Bequests 3440 - - - Miscellaneous Local Sources 3490 1,078,626 8,500 1,087,126 Impact Fees 3496 16,398,000 - 16,398,000 Refunds of Prior Year Expenditures 3497 - - - Total Local Revenue 234,124,948$ 8,500$ 234,133,448$

OTHER FINANCING SOURCES

Sale of Bonds 3710 -$ -$ -$ State Board-Education/COBI 3711 - - - Sale of Capital Assets 3730 - - - Proceeds of Certificates of Participation 3750 - - - Premium on Sale of Bonds 3791 - - - Transfers In:

From General Fund 3610 87,724 13,032 100,756 From Debt Service Funds 3620 - - - From Capital Projects Funds 3630 - - - Interfund (Capital Projects Only) 3650 - - - Total Other Financing Sources 87,724$ 13,032$ 100,756$


TOTAL ESTIMATED REVENUES, OTHERFINANCING SOURCES, AND FUND BALANCE 383,647,940$ 21,532$ 383,669,471$



2014-2015 Budget AmendmentCapital Projects Fund


Revised



APPROPRIATIONS (Functions 7400/9200):

Library Books (New Libraries) 610 -$ -$ -$

Audio-Visual Materials (non-consumable) 620 20,000 - 20,000

Buildings and Fixed Equipment 630 75,323,866 (61,533) 75,262,333

Furniture, Fixtures, and Equipment 640 22,625,193 50,606 22,675,799

Motor Vehicles (including buses) 650 12,540,438 - 12,540,438

Land 660 1,907,866 - 1,907,866

Improvements Other Than Buildings 670 4,216,245 32,384 4,248,629

Remodeling and Renovations 680 11,548,303 75 11,548,378

Computer Software 690 620,408 - 620,408

Redemption of Principal 710 - - -

Interest 720 - - -

Dues and Fees 730 - - -

Total Appropriations 128,802,320$ 21,532$ 128,823,852$


Discount on COPS 893 -$ -$ -$


To General Fund 910 95,125,307 - 95,125,307

To Debt Service Funds 920 149,400,664 - 149,400,664

To Capital Projects Fund 930 - - -

To Special Revenue Funds 940 - - -

Interfund (Capital Projects Only) 950 - - -

Total Other Financing Uses 244,525,971$ -$ 244,525,971$


TOTAL APPROPRIATIONS, OTHERFINANCING USES, AND FUND BALANCE 383,647,940$ 21,532$ 383,669,471$

2014-2015 Budget AmendmentCapital Projects Fund




Revised




National School Lunch Act 3260 60,219,000$ -$ 60,219,000$ U.S.D.A. Donated Foods 3265 4,400,000 - 4,400,000 Summer Food Service Program 3267 1,540,000 - 1,540,000 Fresh Fruit & Vegetable Program 3268 250,000 - 250,000 Miscellaneous Federal through State 3299 - - - Total Federal Through State Revenue 66,409,000$ -$ 66,409,000$

STATE SOURCES:

School Breakfast Supplement 3337 450,000$ -$ 450,000$ School Lunch Supplement 3338 450,000 - 450,000 Other Miscellaneous State Revenue 3399 - - - Total State Revenue 900,000$ -$ 900,000$

LOCAL SOURCES

Interest, Including Profit on Investment 3430 40,000$ -$ 40,000$ Food Service 3450 14,510,000 - 14,510,000 Other Miscellaneous Revenue 3490 176,000 - 176,000 Total Local Revenue 14,726,000$ -$ 14,726,000$


Transfers In:

From General Fund 3610 -$ -$ -$ From Debt Service Funds 3620 - - - From Capital Projects Funds 3630 - - - Total Other Financing Sources -$ -$ -$


TOTAL ESTIMATED REVENUES, OTHERFINANCING SOURCES, AND FUND BALANCE 107,769,081$ -$ 107,769,081$



2014-2015 Budget AmendmentSpecial Revenue Fund - Food Service - Fund 410


Revised



APPROPRIATIONS

Salaries 100 19,776,057$ -$ 19,776,057$

Employee Benefits 200 10,641,891 - 10,641,891

Purchased Services 300 8,634,284 - 8,634,284

Energy Services 400 2,640,500 - 2,640,500

Materials and Supplies 500 37,579,600 - 37,579,600

Capital Outlay 600 2,800,246 - 2,800,246

Other Expenses 700 2,171,600 - 2,171,600

Capital Outlay (Function 9300) 600 - - -

Total Appropriations 84,244,178$ -$ 84,244,178$




To Debt Service Funds 920 - - -




TOTAL APPROPRIATIONS, OTHERFINANCING USES, AND FUND BALANCE 107,769,081$ -$ 107,769,081$

2014-2015 Budget AmendmentSpecial Revenue Fund - Food Service - Fund 410Comparison of Appropriations by State Function



Revised



FEDERAL DIRECT:

Workforce Investment Act 3170 -$ -$ -$ Reserve Officers Training Corps (ROTC) 3191 - - - Miscellaneous Federal Direct 3199 8,310,417 - 8,310,417 Total Federal Direct Revenue 8,310,417$ -$ 8,310,417$


Vocational Education Acts 3201 1,740,189$ -$ 1,740,189$ Medicaid 3202 - - - Workforce Investment Act 3220 - - - Individuals with Disabilities Education Act (IDEA) 3230 39,186,984 - 39,186,984 Elementary & Secondary Education Act, Title I 3240 54,383,794 (3,099) 54,380,695 Adult General Education 3251 2,373,506 - 2,373,506 Federal Through Local 3280 6,203,886 - 6,203,886 Miscellaneous Federal through State 3299 19,772,970 849,600 20,622,570 Total Federal Through State Revenue 123,661,328$ 846,501$ 124,507,829$

STATE SOURCES:

Other Miscellaneous State Revenue 3399 1,333,300$ -$ 1,333,300$ Total State Revenue 1,333,300$ -$ 1,333,300$

LOCAL SOURCES:

Interest, Including Profit On Investments 3430 -$ -$ -$ Gifts, Grants and Bequests 3440 4,711,753 (29,375) 4,682,378 Miscellaneous Local Sources 3495 - - - Total Local Revenue 4,711,753$ (29,375)$ 4,682,378$


Transfers In:

From General Fund 3610 -$ -$ -$ From Debt Service Funds 3620 - - - From Capital Projects Funds 3630 - - - Total Other Financing Sources -$ -$ -$

FUND BALANCE, JULY 1, 2014 2800 186,105$ -$ 186,105$

TOTAL ESTIMATED REVENUES, OTHERFINANCING SOURCES, AND FUND BALANCE 138,202,903$ 817,126$ 139,020,029$



2014-2015 Budget AmendmentSpecial Revenue Fund - Other Federal Programs - Fund 420


Revised



APPROPRIATIONS:

Instruction 5000 59,452,440$ 387,256 59,839,696$

Pupil Personnel Services 6100 15,578,479 383,637 15,962,116

Instructional Media Services 6200 11,349 2,300 13,649

Instruction & Curriculum Development Serv. 6300 18,980,094 (65,245) 18,914,849

Instructional Staff Training Services 6400 36,847,245 (57,662) 36,789,583

Instruction Related Technology 6500 125,477 7,123 132,600

Board 7100 104,988 - 104,988

General Administration 7200 3,189,606 12,892 3,202,498

School Administration 7300 13,557 (348) 13,209

Facilities Acquisition & Construction 7400 - - -

Fiscal Services 7500 60,067 18,399 78,466

Food Service 7600 - - -

Central Services 7700 2,397,859 29,089 2,426,948

Pupil Transportation Services 7800 480,462 (9,662) 470,800

Operation of Plant 7900 31,305 - 31,305

Maintenance of Plant 8100 2,637 - 2,637

Administrative Technology Services 8200 101,087 - 101,087

Community Services 9100 826,253 109,347 935,599

Debt Service 9200 - - -


Total Appropriations 138,202,903$ 817,126 139,020,029$




To Debt Service Funds 920 - - -



FUND BALANCE, JUNE 30, 2015 2700 -$ -$ -$

TOTAL APPROPRIATIONS, OTHERFINANCING USES, AND FUND BALANCE 138,202,903$ 817,126$ 139,020,029$

2014-2015 Budget AmendmentSpecial Revenue Fund - Other Federal Programs - Fund 420




Revised




Race to the Top 3214 218,098$ -$ 218,098$ Miscellaneous Federal through State 3299 - - - Total Federal Through State Revenue 218,098$ -$ 218,098$

STATE SOURCES:

Other Miscellaneous State Revenue 3399 -$ -$ -$ Total State Revenue -$ -$ -$

LOCAL SOURCES:

Investment Income 3430 -$ -$ -$ Gifts, Grants and Bequests 3440 - - - Other Miscellaneous Local Sources 3495 - - - Total Local Revenue -$ -$ -$


Sale of Capital Assets 3730 -$ -$ -$ Loss Recoveries 3740 - - - Transfers In:

From Capital Projects Funds 3630 - - - Total Other Financing Sources -$ -$ -$

FUND BALANCE, JULY 1, 2014 2800 -$ -$ -$

TOTAL ESTIMATED REVENUES, OTHERFINANCING SOURCES, AND FUND BALANCE 218,098$ -$ 218,098$



2014-2015 Budget AmendmentSpecial Revenue Fund - Race to the Top - Fund 494


Revised



APPROPRIATIONS:

Instruction 5000 -$ -$ -$

Pupil Personnel Services 6100 - - -

Instructional Media Services 6200 - - -

Instruction & Curriculum Development Serv. 6300 - - -

Instructional Staff Training Services 6400 213,058 - 213,058

Instruction Related Technology 6500 - - -

Board 7100 - - -

General Administration 7200 5,040 - 5,040

School Administration 7300 - - -

Facilities Acquisition & Construction 7400 - - -

Fiscal Services 7500 - - -

Food Service 7600 - - -

Central Services 7700 - - -

Pupil Transportation Services 7800 - - -

Operation of Plant 7900 - - -

Maintenance of Plant 8100 - - -

Administrative Technology Services 8200 - - -

Community Services 9100 - - -

Debt Service 9200 - - -


Total Appropriations 218,098$ -$ 218,098$



To Capital Projects Funds 930 -$ -$ -$


FUND BALANCE, JUNE 30, 2015 2700 -$ -$ -$

TOTAL APPROPRIATIONS, OTHERFINANCING USES, AND FUND BALANCE 218,098$ -$ 218,098$

2014-2015 Budget AmendmentSpecial Revenue Fund - Race to the Top - Fund 494




Revised



OPERATING REVENUES:

Charges for Services 3481 -$ -$ -$ Charges for Sales 3482 - - - Premium Revenue 3484 200,971,000 - 200,971,000 Other Operating revenue 3489 10,000 - 10,000 Total Operating Revenues 200,981,000$ -$ 200,981,000$

NONOPERATING REVENUES:

Interest, Including Profit on Investment 3430 -$ -$ -$ Gifts, Grants, and Bequests 3440 - - - Other Miscellaneous Local Sources 3495 394,000 - 394,000 Loss Recoveries 3740 - - -

Gain on Disposition of Assets 3780 - - - Total Nonoperating Revenues 394,000$ -$ 394,000$

NET ASSETS, JULY 1, 2014 2880 40,432,375$ -$ 40,432,375$

TOTAL OPERATING REVENUES, NONOPERATINGREVENUES, TRANSFERS, AND NET ASSETS 241,807,375$ -$ 241,807,375$



2014-2015 Budget AmendmentInternal Service Fund - Fund 700


Revised



OPERATING EXPENSES (Function 9900):

Salaries 100 1,126,685$ -$ 1,126,685$

Employee Benefits 200 353,191 - 353,191

Purchased Services 300 495,427 300 495,727

Energy Services 400 - - -

Materials and Supplies 500 53,712 - 53,712

Capital Outlay 600 5,371 - 5,371

Other Expenses (including depreciation) 700 197,629,994 (300) 197,629,694

Total Operating Expenses 199,664,380$ -$ 199,664,380$

NON OPERATING EXPENSES (Function 9700):

Transfers Out:

To General Fund 910 11,200,000$ -$ 11,200,000$

Total Non Operating Expenses 11,200,000$ -$ 11,200,000$

NET ASSETS, JUNE 30, 2015 2700 30,942,995$ -$ 30,942,995$

TOTAL OPERATING EXPENSES, NONOPERATINGEXPENSES, TRANSFERS, AND NET ASSETS 241,807,375$ -$ 241,807,375$

2014-2015 Budget AmendmentInternal Service Fund - Fund 700




Date post:	04-May-2018
Category:	Documents
Upload:	buithuy
View:	215 times
Download:	1 times

SCHOOL DISTRICT OF PALM BEACH COUNTY DISTRICT OF PALM BEACH COUNTY Agenda ... 21st CCLC Dazzling...

Documents