2005 Cafr Budget Analysis for the School District of Hillsborough County

2005 CAFR compute Analysis for The nurturetime regularize of Hillsborough County The School dominion of Hillsborough County, educating over 187,000 students between pre-kindergarten and twelfth grade, is the ninth largest School District in the nation and third largest in Florida during the school social class of 2004-05. The financial service responsibility for the School District of Hillsborough County is with the course of instruction of Business and its associates. The Division of Business is responsible for, among other obligations, generating and presenting the universal Annual Financial Report (CAFR) for review by KPMG, LLP, and benediction by the Superint completeent of Schools, MaryEllen Elia and the School Board of Hillsborough County. If the CAFR is deemed to be correct than the District may receive an award from the administration Finance Officers Association. Population The population in Hillsborough County during 2004 was 1,147,120, an subjoin of over 31,000 from 2003. This increase is expected to continue at a rate of 30,000 or more during the next 20 years. In 2004 there were a total of 199 public school facilities and 13,959 teachers. The 4th through eighth grade group consisted of 52,283 students, which is the largest group of the over 187,000 students.

Governmental Structure The Hillsborough County School systems financial operations are managed by the schools Business Division. This division oversees the operations of seven assorted financial related functions. ?Accountings primary function is to superintend and update the financial daybooks. They manage internal inter-company transactions much(prenominal) as interdepartmental billings. Finally, at fiscal year end they publish the Comprehensive Annual Financial Report (CAFR) establish on data collected. ?Accounts Payable updates the Payables Ledger that feeds into general ledger maintained by the Accounting department. They process invoices and issue checks to vendors for payment. ?The Budget department tracks funds availability... If you want to get a expert essay, order it on our website: Orderessay

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