Title
MOTION TO ADOPT PROPOSED RESOLUTION 2019-R-36
PROPOSED RESOLUTION 2019-R-36 IS A RESOLUTION OF THE CITY OF PEMBROKE PINES, FLORIDA AMENDING THE BUDGET FOR THE CITY OF PEMBROKE PINES\FLORIDA STATE UNIVERSITY CHARTER ELEMENTARY SCHOOL 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 are therefore submitting for the review and approval of the City Commission, a number of budget adjustments that will revise the FY2018-19 Florida State University (FSU) sponsored City of Pembroke Pines Charter School budget adopted by Resolution 2018-R-19 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 and Brightest Scholarship Fund - $56,023
b) Record Florida School Recognition Program (Governor's A+) - $67,749
c) Record FY2016-17 Digital Classroom Allocation Revenue Rollover to FY2018-19- $57,218
d) Record FY2017-18 Digital Classroom Allocation Revenue Rollover to FY2018-19- $18,134
e) Record Beginning Surplus Adjustment- Cafeteria Flooring Project - $27,109
f) Record Insurance True-Up Savings - ($191,521)
3. The amended budget and details of changes are shown in Exhibit "A" of Proposed Resolution 2019-R-36.
4. Recommend City Commission adopt Proposed Resolution 2019-R-36 to revise the FSU sponsored City of Pembroke Pines Charter School 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 Applicable
e) Detail of additional staff requirements: Not Applicable