Review Agenda Item
Meeting Date: 6/1/2023 - 6:30 PM
Category: Old Business and Action Items
Type: Action
Subject: Adoption of the FY 2024 Combined Funds Budget--Revised
ACPS 2025 Strategic Plan Goal:
Goal 4: Strategic Resource Allocation
ACPS will strategically provide differentiated resources and supports to schools and departments.
Policy: DB - Annual Budget
Funding Source or Fiscal Impact (where applicable)
File Attachment:
230601_Att2_FY2024_FINAL_Fund_Statement_CombinedFunds_ v1.pdf
230601_Att3_FY2024_FINAL_Fund_Statement_Operating_ v1.pdf
230601_Att4_FY2024_FINAL_Fund_Statement_Grants_ v1.pdf
230601_Att5_FY2024_FINAL_Fund_Statement_SNS_ v1.pdf
230601_Att6_FY2024_FINAL_Fund_Statement_HealthBenefits_ v1.pdf
230601_Att7_FY2024_FINAL_Fund_Statement_Supp_Retirment_ v1.pdf
230601_Att8_FY2024_FINAL_Fund_Statement_OPEB_ v1.pdf
230601_Att9_FY2024_FINAL_Fund_Statement_SAF_ v1.pdf
Agenda Item Summary: The attached motion to adopt the FY 2024 Final Combined Funds Budget reflects all School Board and Superintendent recommended budget adjustments since the FY 2024 Combined Funds Budget adoption on February 16, 2023.

The FY 2024 Final Combined Funds Budget includes the following:

• Total budgeted revenues and other financing sources of: $361,864,082
• The City Appropriation to schools for FY 2024 totals: $258,686,800
• Total budgeted expenditures of: $361,864,082
o Operating Fund: $329,446,411 including Use of Funds of $8,722,578
o Grants & Special Projects Fund: $17,850,779
o School Nutrition Services Fund: $12,600,871
• A planned use of fund balance: $8,722,578
• FTEs for FY 2024 total: 2,674.45
o Operating Fund: 2,442.00
o Grants & Special Projects Fund: 111.45
o School Nutrition Services Fund: 121.00
Background: ACPS is moving forward in our efforts to realize the mission and vision established in ACPS 2025 strategic plan, and to prepare every student to have the skills necessary to be successful in the 21st century. We are guided by a commitment to providing equitable access to opportunities, and achieving academic excellence, where every school is high performing and every student succeeds. The adoption of the Combined-Funds Budget is an annual commitment to programs and activities for Alexandria City Public Schools.
Recommendation: The Interim Superintendent recommends that the School Board adopt the FY 2024 Final Combined Funds Budget as attached
Recommended By:
Signed By:
Dominic Turner - Chief Financial Officer
Signed By:
Dr. Melanie Kay-Wyatt - Interim Superintendent
Vote Results:

Original Motion
Member Jacinta Greene Moved, Member Dr. Michelle Rief seconded to approve the Original motion 'The Interim Superintendent recommends that the School Board adopt the FY 2024 Final Combined Funds Budget as attached'. Upon a Roll-Call Vote being taken, the vote was: Aye: 8 Nay: 0.
The motion Carried 8 - 0
Meagan L. Alderton     Yes
Jacinta Greene     Yes
Dr. Michelle Rief     Yes
Kelly Carmichael Booz     Yes
Christopher Harris     Yes
Abdel-Rahman Elnoubi     Yes
Dr. Ashley Simpson Baird     Yes
Willie F. Bailey, Sr.     Yes