Broward County Commission Regular Meeting
Director's Name: George Tablack
Department: Finance and Administrative Services Division: Accounting
Information
Requested Action
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MOTION TO FILE Quarterly Financial Report for the Children’s Services Council of Broward County for the quarter ending December 31, 2019.
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Why Action is Necessary
In accordance with §125.901(3)(f), Florida Statutes, the Children’s Services Council of Broward County is required to file a Quarterly Financial Report with the Board.
What Action Accomplishes
Compliance with §125.901(3)(f), Florida Statutes.
Is this Action Goal Related
No
Previous Action Taken
None.
Summary Explanation/Background
THE FINANCE AND ADMINISTRATIVE SERVICES DEPARTMENT AND THE ACCOUNTING DIVISION RECOMMEND APPROVAL OF THE ABOVE MOTION.
For the quarter ending December 31, 2019, the Children’s Services Council had a total of over $89 million deposited or invested. Total expenditures were $17,959,739; total receipts were $80,956,954; and administrative costs were $4,085,647 (Exhibit 1).
The dollar amounts referenced in this agenda item have been rounded to the nearest whole dollar.
Source of Additional Information
Kristin Carpenter, Director, Accounting Division, (954) 357-7199
Cindy Arenberg Seltzer, President/CEO, Children’s Services Council of Broward County, (954) 357-1000
Fiscal Impact
Fiscal Impact/Cost Summary
There is no fiscal impact.