Title and Board Action Requested
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Approve Fiscal Year 2023-2024 Budget Amendment No. 4 for Quarter Ending June 30, 2024
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Executive Summary
The Chief Financial Officer, on behalf of the Superintendent of Schools, hereby requests the Board's approval for the Fiscal Year 2023-2024 Budget Amendment No. 4 for Quarter Ending June 30, 2024.
Section 1011.06, Florida Statutes, requires that amendments made to the original budget be brought to the board for approval.
Attached is the fourth budget amendment for the Fiscal Year 2023-2024 for Quarter Ending June 30, 2024. This amendment is certified to be correct by the Finance Department.
* General Fund
Estimated revenue from Federal Direct Sources decreased by $17,983 due to actual collections from our ROTC reimbursement program.
Actual revenue received from Federal through State and Local Sources increased $58,362 for Medicaid collections and decreased by $134,291 based on actual reimbursements received for the Sort Science Reading Grant which ending June 30, 2024.
State revenue overall increased $252,480. Estimated revenue from Florida Education Finance Program (FEFP) increased $204,561, Capital Outlay Debt Service (CO&DS), State License Tax, Excellent Teaching, and other miscellaneous revenue increased $82,280. Workforce Development revenue decreased $34,361.
Revenue from Local Sources increased $3,112,787. Actual collections from Ad valorem property tax payments increased $452,668, interest earnings by $1,103,091, reimbursement from the Board of County Commissioners of $1,418,095 for Wilton Simpson Construction Project Grant, and $138,933 in miscellaneous other local revenue.
Other Financing Sources saw a net increase of $50,716 in loss recoveries and a decrease in transfers of $22,322. The total net increase in revenue during the fourth quarter was $3,299,748.
Appropriations were amended to reflect movement between different functions and objects. Unspent budgets not included in the 2023-2024 ca...
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