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1 _I I. i <br />e LEE-COUNTY <br />a~n <br />u <br />A~th ro ze k <br />Committed Today for a Better Tomorrow <br />LEE COUNTY BOARD OF COMMISSIONERS <br />ITEM ABSTRACT ITEM NO. III. C. <br />e Information <br />Meeting Date: March 2, 2009 _ Action Item <br />XX Consent Agenda <br />11 <br />SUBJECT: Application for ADM Funds <br />DEPARTMENT: Finance <br />CONTACT PERSON: Lisa G. Minter, Finance Director <br />REQUEST: Approval of Joint Application from Lee County Board of Education <br />for ADM funds <br />SUMMARY: The FY 2008-09 budget includes $568,061 of ADM or Public School <br />Building Fund money to be used for debt service related to the <br />schools. The Lee County Board of Education has prepared the <br />application to draw the ADM funds. At this time there is not enough <br />money in our ADM account to cover the full amount, however, we <br />want to draw what we can at this time. <br />BUDGET IMPACT: <br />ATTACHMENT(S): <br />PUBLIC HEARING: <br />PRIOR BOARD ACTION <br />RECOMMENDATION: <br />N/A <br />Application <br />No <br />N/A <br />Approve application for ADM funds as presented. <br />V <br />