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File #: 2019-R-37    Version: 1 Name: Proposed Resolution 2019-R-37: 2018-19 SBBC Sponsored Schools Amended Budget
Type: Resolution Status: Passed
File created: 8/6/2019 In control: City Commission
On agenda: 8/21/2019 Final action: 8/21/2019
Title: MOTION TO ADOPT PROPOSED RESOLUTION 2019-R-37 PROPOSED RESOLUTION 2019-R-37 IS A RESOLUTION OF THE CITY OF PEMBROKE PINES, FLORIDA AMENDING THE BUDGET FOR THE CITY OF PEMBROKE PINES CHARTER SCHOOLS FOR THE CHARTER SCHOOL FISCAL YEAR BEGINNING JULY 1, 2018; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.
Attachments: 1. 1. 2019-R-37 PP SSBC Charter Schools, 2. 2. Exhibit A- SBBC Amended Budget Detail
Title

MOTION TO ADOPT PROPOSED RESOLUTION 2019-R-37

PROPOSED RESOLUTION 2019-R-37 IS A RESOLUTION OF THE CITY OF PEMBROKE PINES, FLORIDA AMENDING THE BUDGET FOR THE CITY OF PEMBROKE PINES CHARTER SCHOOLS FOR THE CHARTER SCHOOL FISCAL YEAR BEGINNING JULY 1, 2018; PROVIDING FOR CONFLICTS; PROVIDING FOR SEVERABILITY; PROVIDING FOR AN EFFECTIVE DATE.

Summary Explanation and Background

SUMMARY EXPLANATION AND BACKGROUND:

1. Section 166.241, F.S. requires municipalities and it's components to do a budget amendment within 60 days after the end of the fiscal if the total appropriations of the funds have changed, unless the municipality's charter directs otherwise.

2. We therefore submit for the review and approval of the City Commission, a number of budget adjustments that will revise the FY2018-19 School Board of Broward County (SBBC) sponsored City of Pembroke Pines Charter Schools budget adopted by Resolution 2018-R-20 on June 20, 2018. The intent of the amendment is to formalize the changes that have been made during the 2018-19 fiscal school year.

Major Changes include:

a) Record Best & Brightest Scholarship - $333,758

b) Record Florida School Recognition Program (Governor's A+) - $529,061

c) Record Miscellaneous Immaterial Contributions/ Adjustments - $29,267

d) Record the Carl D. Perkins Grant -$6,087

e) Record Insurance True-Up Savings - ($1,553,288)

3. The amended budget and details of changes are shown in Exhibit "A" of Proposed Resolution 2019-R-20.

4.  Recommend City Commission adopt Proposed Resolution 2019-R-37 to revise the SBBC sponsored City of Pembroke Pines Charter Schools budget for the fiscal year beginning July 1, 2018.

Financial Impact

FINANCIAL IMPACT DETAIL:

a)   Initial Cost: Not Applicable

b)   Amount budgeted for this item in Account No: Not Applicable

c)   Source of funding for difference, if not fully budgeted: Not Applicable

d)   5 year projection of the operational cost of the project: Not Applica...

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