THE STATE EDUCATION DEPARTMENT / THE UNIVERSITY OF THE STATE OF NEW YORK / ALBANY, NY 12234

 

TO:

The Honorable the Members of the Board of Regents

FROM:

Theresa E. Savo

COMMITTEE:

Full Board

TITLE OF ITEM:

State Education Department February 2004 Fiscal Report

DATE OF SUBMISSION:

March 2, 2004

PROPOSED HANDLING:

Acceptance

RATIONALE FOR ITEM:

Acceptance of February 2004 Fiscal Report

STRATEGIC GOAL:

Goal 5

AUTHORIZATION(S):

 

 

SUMMARY:

 

The February 2004 Fiscal Report is attached for your review, discussion and acceptance. We have received no USNY grants since the last Fiscal Report.

 

We are now in the final month of the State fiscal year. We have revisited our expenditure and revenue projections in preparation for the close of the State fiscal year. Attached is a Variance Report summarizing one necessary adjustment.

 

        General Fund Our general fund accounts are in structural balance.

        Special Revenue All revenue accounts are in balance (allowing for normal reimbursement delays and the planned use of prior year balances) except for the Office of the Professions account where the imbalance this year will be offset next year by increased fee revenue (new professions) or reduced expenditures.

        Federal Accounts Our Federal accounts are in structural balance.

 

Our Budget Coordination staff and I will continue to closely monitor each of these accounts and work with program office fiscal staff and the Deputies to insure structural balance. Please contact me if you have any questions regarding this report.

 

I recommend that the Board of Regents take the following action:

 

VOTED, that the Board of Regents accept the February 2004 State Education Department Fiscal Report as presented.

 

 

Attachments



 

  February Variance Report
                   
                 
      January   February        
      Report   Report   Variance   Explanation
      (1)   (2)   (3) = (2-1)    
                   
Office of Elementary, Middle, Secondary and Continuing Education    
                   
  SPECIAL REVENUE              
                   
    High School Equivalency (GED)              
    Total Expenditures 200,000   210,500   10,500   Adjustment reflecting final program expenditures for the year.
                   




February 2004 Fiscal Report - PDF
February 2004 Fiscal Report - Excel