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Meeting Date:
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5/9/2019 - 8:00 PM
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Category:
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Discussion Topics
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Type:
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Info
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Subject:
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FY 2020 Combined-Funds Budget and FY 2020 – 2029 Capital Improvement Program Budget (Additional documents to be uploaded on Monday, May 6, 2019.)
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ACPS 2025 Strategic Plan Goal:
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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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FY 2020 - 2029 Capital Improvement Program Budget
The Superintendent’s Adjusted CIP Budget will be presented at the May 9, 2019 School Board Work Session.
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Background:
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FY 2020 - 2029 Capital Improvement Program Budget
The School Board adopted its FY 2020 – 2029 Capital Improvement Program (CIP) Budget on December 20, 2018 totaling $42.6 million for FY 2020 and $478.5 million across all ten years. On May 1, 2019, City Council will adopt its FY 2020 – 2029 CIP Budget which allocates funds for the ACPS CIP Budget.
FY 2020 Combined-Funds Budget
On February 21, 2019, the School Board adopted its FY 2020 Combined-Funds Budget which included an Operating Fund request to the City of Alexandria for $232.3 million. City Council adopts its General Fund Budget on May 1, 2019 inclusive of a transfer to the ACPS Operating Fund.
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Recommendation:
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The Superintendent recommends that the School Board considers these proposed changes as they prepare School Board Budget Questions and Add/Delete requests for both the Combined-Funds Budget and the CIP Budget.
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Approvals:
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Recommended By:
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Signed By:
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Dominic Turner - Chief Financial Officer
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Signed By:
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Dr. Gregory C. Hutchings, Jr. - Superintendent
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