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Meeting Date:
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4/25/2019 - 7:00 PM
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Category:
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Items Pulled from Consent Calendar
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Type:
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Action
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Subject:
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FY 2019 Year-end Combined Funds Budget Estimates
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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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The School Board’s formal approval of the attached year-end estimates authorizes the FY 2019 Revised Budget within each fund.
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Background:
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Each year, the School Board is presented the following summary that outlines the projected year-end totals for revenue, expenditures and fund balances within the three primary funds (Operating Fund, Grants and Special Projects Fund, and School Nutrition Fund), as well as an analysis of the Health Benefits Fund, Other Post-Employment Benefits (OPEB), and Supplemental Retirement Plan.
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Recommendation:
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The Superintendent recommends that the School Board accept the FY 2019 Revised Budget and the FY 2019 Year-end Estimate.
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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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Vote Results:
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| Original Motion | | Member Margaret Lorber Moved, Member Ramee A. Gentry seconded to approve the Original motion 'The Superintendent recommends that the School Board accept the FY 2019 Revised Budget and the FY 2019 Year-end Estimate.'. 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 | |
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