|
Meeting Date:
|
|
Category:
|
New Business and Reports to the Board |
|
|
Type:
|
|
Subject:
|
FY 2020 CIP Reserve Account Update for Qtr 4--5 mins. |
|
|
ACPS 2025 Strategic Plan Goal:
|
Goal 4: Strategic Resource Allocation ACPS will strategically provide differentiated resources and supports to schools and departments.
|
|
|
Funding Source or Fiscal Impact (where applicable):
|
|
File Attachment:
|
|
Agenda Item Summary:
|
The CIP Reserve Account balance is $235,759.77. Attachment #2 (Funding Sources of the CIP Reserve Account) outlines the account sources that contribute to the current reserve balance. |
|
|
Background:
|
On December 7, 2017, the School Board authorized the establishment of a Capital Improvement Program (CIP) Reserve Account which provides an additional option for CIP budget transfers. This reserve account allows the School Board to move budgeted funds between capital accounts. |
|
|
Recommendation
|
The Superintendent recommends that the School Board review the current CIP Reserve account balance. |
|
|
Approvals:
|
Recommended By: |
Signed By: |
|
Dr. Alicia Hart - Executive Director of Facilities and Operations |
|
Signed By: |
|
Dominic Turner - Chief Financial Officer |
|
Signed By: |
|
Dr. Gregory C. Hutchings, Jr. - Superintendent |
|
|
|
|
|
|
|