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Meeting Date:
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12/18/2020 - 7:00 PM
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Category:
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Financial Services
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Type:
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Info
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Subject:
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CARES Act Coronavirus Relief Funds (CRF)
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ACPS 2025 Strategic Plan Goal:
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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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This Board Brief serves as an update to the CRF Brief provided on November 6, 2020. This update includes the YTD budget report by Major Object for the use of CRF dollars.
An additional $2,817,833 from the Coronavirus Relief Fund (CRF) was released to Alexandria City Public Schools (ACPS) on October 9, 2020. Funding was allocated at $175/pupil. There is no private school equitable services requirement associated with school division use of CRF, as well no funds supplanting prohibition in spending CRF. These CRF dollars must be spent or obligated by December 30, 2020. Any funds not expended by the deadline must be returned to the Virginia Department of Education (VDOE).
To ensure ACPS fully utilizes the CRF dollars in a manner that will best benefit the school division, the funds have been added to the overall financial strategy for FY 2021 and beyond. With these funds having an expiration date of December 30, 2020, they will be used to support the technology infrastructure, cleaning supplies, and PPE. This strategy will exhaust the CRF dollars by the deadline, while making available other funding sources to support future reopening plans.
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Background:
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On October 9, 2020 Governor Northam approved $220.8 million in awards from the federal CRF to each school division and other local education agencies. CRF were provided to states under the CARES Act, and a portion is being made available directly to school divisions to help cover costs in preparing for, responding to, and mitigating the impacts of the COVID-19 pandemic. These CRF awards are intended for costs incurred related to COVID-19 in reopening and operating public schools during the first months of the 2020-2021 school year, but can be used for qualifying costs back to March 1, 2020.
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Recommendation:
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The Superintendent recommends that the School Board review the contents of this memo and attachments.
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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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