Review Agenda Item
Meeting Date: 2/6/2020 - 6:30 PM
Category: Consent Calendar
Type: Action
Subject: FY 2020 Quarter 2 Budget Transfer Report
ACPS 2025 Strategic Plan Goal:
Goal 6: Effective and Efficient Operations
Policy: DA - Management of Funds
Funding Source or Fiscal Impact (where applicable)
File Attachment:
200206_Board_Memo_Budget_Transfer_Report_FY2020Q2.pdf
200206_Att1_Budget _Transfer_Report_FY2020_Q2.pdf
Agenda Item Summary: Policy DA: Management of Funds requires the submission of a quarterly report detailing all budget transfers in the Operating, School Nutrition, and Grants and Special Projects Funds greater than or equal to $25,000 and which cross state reporting categories. General information on budget transfers during the second quarter of FY 2020 is provided so that specific budget transfers meeting the criteria are seen in context.
Background: Policy DA: Management of Funds requires the submission of a quarterly report detailing all budget transfers in the Operating, School Nutrition, and Grants and Special Projects Funds greater than or equal to $25,000 and which cross state reporting categories. General information on budget transfers during the first quarter of FY 2020 is provided so that specific budget transfers meeting the criteria are seen in context.
Recommendation: The Superintendent recommends that the School Board approve the FY 2020 Second Quarter Budget Transfer Report.
Approvals:
Recommended By:
Signed By:
Dominic Turner - Chief Financial Officer
Signed By:
Dr. Gregory C. Hutchings, Jr. - Superintendent
Vote Results: