Title and Board Action Requested
title
Approve Fiscal Year 2023-2024 Budget Amendment No. 3 for Quarter Ending March 31, 2024
body
Executive Summary
The Director of Budget, on behalf of the Superintendent of Schools, hereby requests the Board's approval for the Fiscal Year 2023-2024 Budget Amendment No. 3 for Quarter Ending March 31, 2024.
Section 1011.06, Florida Statutes, requires that amendments to the original budget be brought to the Board for approval.
Attached is the third budget amendment for Fiscal Year 2023-2024 for Quarter Ending March 31, 2024. This amendment is certified to be correct by the Finance Department.
* General Fund
Estimated revenues were adjusted based on collections received during the quarter. Federal through State and Local Sources increased $696,613 for additional Medicaid funds received. Estimated revenue from State Sources increased $235,000 for Workforce Capitalization Incentive and 13,191 for Workforce Education Performance Incentive. Revenue increased by $1,032,608 for School Recognition Funding received from Florida Department of Education.
Estimated Revenue from Local Sources increased a total of $735,163. Interest income increased $375,852 based on actual monthly interest received during the quarter. Adult Education funding increased a total of $139,480 and Miscellaneous Local Revenue increased $190,315. This miscellaneous income was based on actual collections from sale of Junk ($38,407), Early Learning Coalition ($45,000), Youth Mental Heath ($29,806), Printing ($25,619), and Fingerprints ($15,714).
Appropriations were amended to reflect movement between functions and objects. Salaries and Benefits increased a total of $316,595 based on vacancies filled during the quarter. Appropriations totaling $1,032,608 were added for the School Recognition that will be paid out to:
- Brooksville Elementary School
- Westside Elementary School
- Eastside Elementary School
- Deltona Elementary School
- Moton Elementary School
- ...
Click here for full text