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Meeting Date:
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5/5/2016 - 7:00 PM
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Category:
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New Business and Reports to the Board
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Type:
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Info/Action
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Subject:
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CIP Budget Transfer Request
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ACPS 2025 Strategic Plan Goal:
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Objective 4.2 Well Maintained Facilities ACPS will ensure that facilities are maintained at high levels and that repair needs are addressed in a timely and efficient manner to support the educational mission and daily operations of the district.
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Funding Source or Fiscal Impact (where applicable)
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File Attachment:
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Agenda Item Summary:
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The purpose of this memorandum is to request that funds be transferred from the accounts of selected projects to the accounts of current FY 2016 CIP projects.
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Background:
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In accordance with school board policy FEG and the associated regulations pertaining to the management of CIP funds, staff is requesting that funds be transferred from the accounts of selected projects to increase funding for the following previously approved projects: Maury playground, John Adams parking lot and Lyles-Crouch roof. Please note that these projects were part of the ten-year CIP. Requested funding increases are necessary to begin the work for these projects this summer.
This transfer reflects an appropriate use of CIP savings to address projects that are determined to be underfunded due to market condition changes, unanticipated project costs, or programmatic adjustments as approved by the School Board.
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Recommendation:
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The Superintendent recommends that the School Board approve the attached budget transfer request in the amount of $556,044.00.
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Approvals:
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Recommended By:
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Signed By:
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Clarence Stukes - Chief Operations Officer
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Signed By:
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Stacey Johnson - Chief Financial Officer
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Signed By:
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Alvin Crawley - Superintendent
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Vote Results:
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| Original Motion | | Member William E. Campbell Moved, Member Ronnie Campbell seconded to approve the Original motion 'The Superintendent recommends that the School Board approve the attached budget transfer request in the amount of $556,044.00.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 9 Nay: 0. | | The motion Carried 9 - 0 | | | | | Ronnie Campbell | Yes | | William E. Campbell | Yes | | Karen Graf | Yes | | Christopher J. Lewis | Yes | | Ramee A. Gentry | Yes | | Henry E. Cardwell | Yes | | Margaret Lorber | Yes | | Cindy Anderson | Yes | | Veronica R. Nolan | Yes | |
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