|
|
|
|
|
Meeting Date:
|
5/29/2020 - 12:00 PM
|
|
Category:
|
Consent Calendar
|
|
Type:
|
Action
|
|
Subject:
|
FY 2020 CIP Reserve Account Update for Q3
|
|
ACPS 2025 Strategic Plan Goal:
|
Goal 6: Effective and Efficient Operations
|
|
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 through a two-step process.
|
|
Recommendation:
|
The Superintendent recommends that the School Board approve 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
|
|
|
|
|
Vote Results:
|
| Original Motion | | Member Meagan L. Alderton Moved, Member Margaret Lorber seconded to approve the Original motion 'The Superintendent recommends that the School Board approve the current CIP Reserve account balance.'. 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 | | Dr. Michelle Rief | Yes | | Heather Thornton | Yes | |
|
|
|
|
|
|
|