Broward County Commission Regular Meeting

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AI-29107

24.

Meeting Date:	05/21/2019
Director's Name:	George Tablack
Department:	Finance & Administrative Services	Division:	Accounting

Information

Requested Action

MOTION TO FILE Quarterly Financial Report for the Children's Services Council of Broward County for the quarter ending March 31, 2019.

ACTION: (T-10:33 AM) Approved.

VOTE: 9-0.

Why Action is Necessary

In accordance with Florida Statutes §125.901(3)(f), the Children's Services Council of Broward County is required to file a Quarterly Financial Report with the Board.

What Action Accomplishes

Compliance with Florida Statutes §125.901(3)(f).

Is this Action Goal Related

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 March 31, 2019, the Children's Services Council had over $68 million deposited or invested. During this same period, $244,907 was spent on administrative costs.

The dollar amounts of the administrative costs referenced in this agenda item have been rounded to the nearest whole dollar.

Source of Additional Information

Kristin Carpenter, Assistant 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.

Attachments
Exhibit 1 - Children Services Memo
Exhibit 2 - Children Services Interim Financial Statements