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Title: 2. RECOMMEND APPROVAL OF BUDGET RESOLUTIONS. Requested Action: GENERAL FUND - BUDGET RESOLUTION NO. 7 SPECIAL REVENUE - FOOD SERVICE - BUDGET RESOLUTION NO. 7 SPECIAL REVENUE - OTHER FUND - BUDGET RESOLUTION NO. 7 CAPITAL PROJECTS FUND - BUDGET RESOLUTION NO. 8 DEBT SERVICE FUND - BUDGET RESOLUTION NO. 3 INTERNAL SERVICES FUND - BUDGET RESOLUTION NO. 2 Summary Explanation and Background: GENERAL FUND – BUDGET RESOLUTION NO. 7 -Decrease revenue for Transportation (3354) by $1,308,036.00 and decrease appropriations in Fund Balance (Function 9800) by a like amount to adjust to Second Calculation of the FEFP for Student Transportation. -Increase revenue for Rent (3425) by $70,373.16 and increase appropriations in Instruction (Function 5000) by a like amount for rent from FCCJ for Community Education programs. -Increase revenue for Gifts, Grants, and Bequests (3440) by $225.00 and increase appropriations by a like amount for refreshments for principals’ meeting. -Increase Miscellaneous Local revenue (3490) by $101,047.97 and increase appropriations by $115,950.00 for Jacksonville Children’s Commission Early Literacy Initiative and decrease by $14,902.03 to reclassify revenue to Transfers from Internal Accounts. -Increase Transfers from Capital Projects Funds (3630) by $13,800,000.00 and increase appropriations by a like amount in Plant Maintenance (Function 7800) to reimburse Operating for minor maintenance projects. -Increase Transfers from Special Revenue (3640) by $250,000.00 and increase appropriations by a like amount for purchase of IEP software. -Increase Transfers from Internal Accounts (3680) by $44,579.63 and increase appropriations by $1,234.62 at Brookview for storeroom supplies; $1,000.00 at Oceanway Elementary for storeroom supplies; $300.00 at Baldwin for printing; $514.84 at Ed White for printing; $3,000.00 at Fletcher High for storeroom supplies; $14,902.03 at various schools to reclassify from Miscellaneous Local revenue; $15,125.85 at Chimney Lakes for playground equipment; $8,502.29 at various schools for reimbursement for security and ticket takers at various events. -Decrease revenue for Reserved for State Required Categorical Carryover Programs (2710) by $1,090,817.04 and increase Undesignated Beginning Fund Balance (2769) by a like amount. Also increase Undesignated Beginning Fund Balance (2769) by $645,826.62 and increase Estimated Ending Fund Balance (98976) by a like amount for adjustments made by Auditor General for fiscal year 2003-04. SPECIAL REVENUE – FOOD SERVICE – BUDGET RESOLUTION NO. 7 -Increase Transfer from General (3610) by $73,574.77 and Salaries (7600/100) by a similar amount for Florida School Recognition awards. -Increase revenue for Lunch Reimbursements (3261) $730,000.00, Breakfast Reimbursements (3262) $200,000.00, and USDA Donated Commodities (3265) $150,000.00 and increase Salaries (7600/100) $450,000.00, Benefits (7600/200) $450,000.00 and Purchased Services (7600/300) $385,000.00 and decrease Materials and Supplies $105,000.00. These adjustments reflect additional revenue received and expenses incurred above the budget. SPECIAL REVENUE – OTHER FUND – BUDGET RESOLUTION NO. 7 -Increase revenue for Individual with Disabilities Education Act (IDEA) (3230) by $1,641,733.78 and increase appropriations by a like amount for receipt of roll forward funds from last year’s IDEA, Part B grant. The Board approved the grant at the -Increase revenue for Miscellaneous Federal Direct (3199) by $382,315.33 and increase appropriations by a like amount for the remaining funds for the Urban Systemic Initiative. The Board has previously approved this grant. CAPITAL PROJECTS FUND – BUDGET RESOLUTION NO. 8 -Move appropriations previously approved by Board action between Capital Outlay and Major Maintenance projects. -Move appropriations within approved Capital Outlay and Major Maintenance projects and from Major Maintenance control accounts to approved Major Maintenance projects. DEBT SERVICE FUND – BUDGET RESOLUTION NO. 3 -Increase Proceeds of COPS by $37,608,487.00. Increase Fund Balance by like amount for the issue of COPS 2005A Series ($524,575.30) and the issue of COPS 2005 Refunding of 2000 Series ($37,083,911.70). -Increase Dues and Fees by $889,003.36. Decrease Fund Balance by like amount for QZAB Administrative Fees ($6,705.35), Administrative Fees on the issue of COPS 2005A Series ($479,963.53), and Administrative Fees on the COPS 2005 Refunding of 2000 Series ($402,334.48). INTERNAL SERVICES FUND – BUDGET RESOLUTION NO. 2 -Increase Benefits (7700/200) $6,000.00 and decrease Salaries (7700/100) by a like amount. Details will be on file and available in Budget Services. New Century Commission Recommendation/OPPAGA Recommendation/Council of Great City Schools Recommendation: Attachments (list): Financial Impact: For Additional Information, contact: Michael Perrone, Budget Director 390-2097 Lee Legutko, Assistant Superintendent, Chief Finanical Officer 390-2097
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