Agenda Item
Meeting Date: 6/6/2019 - 7:00 PM
Category: Consent Calendar
Type: Action
Subject: CIP Reserve Account Transfer: MVCS Roof Replacement
ACPS 2020 Strategic Plan Goal:
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.
Policy: DA - Management of Funds
Funding Source or Fiscal Impact (where applicable):
File Attachment:
190606_Memo_MV_Roof_Replacement_Tranfer v2.pdf
Agenda Item Summary: Funding in the amount of $70,520 was required to be transferred from the CIP reserve to complete support needed of the urgent Mount Vernon (MV) Roof Replacement Project in April 2019. Due to the immediate nature of the action, this request is now being brought to the Board. This approval will bring the CIP Reserve balance to $682,609.32 as referenced in the CIP Reserve Account report memo.
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 through a two-step process.
Recommendation: The Superintendent recommends that the School Board approve the budget transfer request totaling $70,520 from the CIP Reserve Account to the MV Roof Replacement Project.
Approvals:
Recommended By:
Signed By:
Veronica Tellez - Executive Assistant
Signed By:
Gregory Hutchings - Superintendent
Vote Results:

Original Motion
Member Ramee A. Gentry Moved, Member Christopher A. Suarez seconded to approve the Original motion 'The Superintendent recommends that the School Board approve the budget transfer request totaling $70,520 from the CIP Reserve Account to the MV Roof Replacement Project.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 9 Nay: 0.
The motion Carried 9 - 0
   
Ramee A. Gentry     Yes
Margaret Lorber     Yes
Cindy Anderson     Yes
Veronica R. Nolan     Yes
Meagan L. Alderton     Yes
Christopher A. Suarez     Yes
Jacinta Greene     Yes
Michelle Rief     Yes
Heather Thornton     Yes