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Meeting Date:
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Category:
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Type:
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Subject:
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CIP Reserve Account Transfer: GWMS Building Envelope Transfer |
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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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A transfer is recommended from the CIP Reserve Account totaling $125,832.00 to support building envelope repairs at George Washington Middle School. This would leave a balance of $556,777.32 in the CIP Reserve Account.
Funds are being requested to specify and install the corrugated metal panel system to address the ongoing water intrusion issues at the George Washington Middle School and expedite work immediately. |
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Background:
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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. |
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Recommendation
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The Superintendent recommends that the School Board approve this budget transfer request totaling $125,832.00 from the CIP Reserve Account to support the George Washington Building Envelope Water Intrusion Repair Project. |
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Approvals:
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Recommended By: |
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Signed By: |
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Veronica Tellez - Executive Assistant |
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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 Ramee A. Gentry Moved, Member Christopher A. Suarez seconded to approve the Original motion 'The Superintendent recommends that the School Board approve this budget transfer request totaling $125,832.00 from the CIP Reserve Account to support the George Washington Building Envelope Water Intrusion Repair 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 | | Dr. Michelle Rief | Yes | | Heather Thornton | Yes | |
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