BQuarterly Budget Transfer Report 2017-5-1
Item Details
- Meeting
- May 1, 2017 – Board of Education Meeting
- Category
- 9. Reports
- Type
- Information item
Public Content
Background Information:
Quarterly budget transfer information is presented to the Board of Education at the end of each quarter to apprise them of the budget transfers needed to maintain accuracy in the District’s budget. More detailed information is available upon request at District Office at 148 N. Binkley Street, Soldotna, Alaska.
Quarterly Budget Transfer Report: This printout recaps the budget transfers that were approved for the quarter just ended, with the following headings: | ||
Fund | The fund code of the budget transfer | |
BT# | The budget transfer number assigned to each transaction | |
Date | The date the budget transfer was entered | |
Location Description | The location/school entering the budget transfer | |
Function Description | The function description of the budget transfer | |
Program Description | The program description of the budget transfer | |
Object Description | The object description of the budget transfer | |
Budget Transfer Description | The description of the reason the budget transfer is needed | |
Total Budget Adjustment | The amount of the budget transfer | |
BP3310 – Transfer of Funds:
All transfers between funds shall have Board approval.
Budget transfers within funds in excess of fifty thousand dollars ($50,000) shall have Board approval.
Budget transfers under fifty thousand dollars ($50,000) shall be approved by the Superintendent. An informational summary of these transfers will be reported to the Board quarterly.
Monthly revenue and expenditure information is presented to the Board of Education to apprise them of the District’s finances in relationship to respective budgets. More detailed information is available upon request at District Office at 148 N. Binkley Street, Soldotna, Alaska. | ||
Revenue Summary by Fund: This printout recaps fund specific revenue information per the following column headings: | ||
Budget Amount | The original budget amounts approved by the Board of Education. | |
Adjusted Budget | Includes the original budget amounts, budget transfers and budget revisions. | |
Current Activity | Includes activity for the month noted in the report. | |
YTD Activity | Includes year-to-date activity. | |
Requisition/Encumbrance | Not applicable to revenue accounts. | |
Unencumbered Balance | Expected revenue yet to be received for the fiscal year. | |
Expenditure Summary by Fund: This printout recaps fund specific expenditure information per the following column headings: | ||
Budget Amount | The original budget amounts approved by the Board of Education. | |
Adjusted Budget | Includes the original budget amounts, budget transfers, budget revisions and rollover encumbrances from the prior year. | |
Current Activity | Includes activity for the month noted in the report. | |
YTD Activity | Includes year-to-date activity. | |
Requisition/Encumbrance | Reflects the total amount of encumbered funds. | |
Unencumbered Balance | Budgeted amounts not yet encumbered or expended, but available for use. | |
Source of Revenue by Fund: This report presents a more detailed view of the Operating Fund revenue categories. The columns reflect the same information as noted above for the Revenue Summary by Fund Report. | ||
Expenditure Summary by Fund and Function: This report presents a functional recap of the Operating Fund. The columns reflect the same information as noted above for the Expenditure Summary by Fund. | ||