Financial trends in Florida schools
Did you know:
- At the end of fiscal 2007, Florida's school district's had an average level of unrestricted general fund reserves of 8.12 percent.
- Thirty-five school districts including Pasco and Pinellas needed improvements in record keeping and financial records management.
- Eleven school districts used restricted capital funds for unauthorized purposes.
The agency rates some of the findings as significant, such as Taylor County's fall into a $1-million deficit and Duval's spending of $24-million of capital outlay taxes for goods and services that were not allowed under law. Other findings were just notable, such as problems with monitoring charter schools and problems with controls over federal funding among 48 districts.
Too often these reports go unnoticed. But during these tight financial times, we, like many of you, are paying even closer attention to the way districts spend their money. Enjoy.