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Meeting Date:
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6/21/2018 - 7:00 PM
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Category:
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Consent Calendar
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Type:
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Action
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Subject:
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Budget Transfer from the CIP Reserve Account to Support the Jefferson Houston Infrastructure Repair Project
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ACPS 2025 Strategic Plan Goal:
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Objective 4.1 Optimal Learning Environments and Infrastructure In collaboration with City partners, ACPS will move aggressively to modernize all learning environments, expand or otherwise adapt facilities to meet projected changes in school enrollment, and ensure equitable application of capital improvements throughout the school division. Objective 6.1 Fiscal Policies and Practices ACPS will plan, manage, monitor, and report spending to provide decision-makers and the community with a reliable, accurate, and complete view of the financial performance of the educational system at all levels.
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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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A transfer is recommended from the CIP Reserve Account totaling $150,000 to support a comprehensive mechanical infrastructure analysis of the Jefferson Houston Pre-K to 8 School. This would leave a balance of $753,129.32 in the CIP Reserve Account. This proposed transfer was presented on June 7, 2018 for info and is being presented for action on June 21, 2018.
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Background:
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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 through the below two-step process:
1. The School Board approves budget transfers from specific project account lines to the CIP Reserve Account.
2. The School Board later approves budget transfers from the CIP Reserve Account back to other specific project account lines based upon justifications of need.
On at least a quarterly basis, ACPS staff provides recommendations to the School Board to move funding into and out of the CIP Reserve Account, as required. The CIP Reserve Account currently has a balance of $903,129.32.
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Recommendation:
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The Superintendent recommends that the School Board approve this budget transfer request totaling $150,000.00 from the CIP Reserve Account to the Jefferson Houston infrastructure repair project.
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Approvals:
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Recommended By:
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Signed By:
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Mignon Anthony - Chief Operating Officer
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Signed By:
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Mike Herbstman - Chief Financial Officer
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Signed By:
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Lois Berlin -
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Vote Results:
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| Original Motion | | Member Christopher J. Lewis Moved, Member William E. Campbell seconded to approve the Original motion 'The Superintendent recommends that the School Board approve this budget transfer request totaling $150,000.00 from the CIP Reserve Account to the Jefferson Houston infrastructure repair project.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 8 Nay: 0. | | The motion Carried 8 - 0 | | | | | Ronnie Campbell | Yes | | William E. Campbell | Yes | | Karen Graf | Yes | | Christopher J. Lewis | Yes | | Ramee A. Gentry | Yes | | Margaret Lorber | Yes | | Cindy Anderson | Yes | | Veronica R. Nolan | Yes | |
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