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Meeting Date:
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4/20/2023 - 6:30 PM
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Category:
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New Business and Reports to the Board
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Type:
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Info
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Subject:
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FY 2023 CIP Reserve Report for Q3
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ACPS 2025 Strategic Plan Goal:
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Goal 1: Systemic Alignment ACPS will build a culture of continuous improvement and design equitable systems for school and instructional improvement. Goal 4: Strategic Resource Allocation ACPS will strategically provide differentiated resources and supports to schools and departments. Goal 5: Family and Community Engagement ACPS will ensure that all families and community members feel welcomed, respected, and valued.
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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 CIP Reserve Account balance is $235,759.77. Attachment #1 is the “CIP Reserve Tracker” that outlines movement in and out of the CIP reserve account. Attachment #2 is the “Funding Sources” list that shows which projects contribute to the current reserve balance.
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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.
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Recommendation:
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The Interim Superintendent recommends that the School Board review this current account balance and considers future CIP Reserve Account transactions.
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Approvals:
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Recommended By:
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Signed By:
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Erika Gulick - Director of Capital Programs, Planning & Design
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Signed By:
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Dr. Alicia Hart - Chief Operating Officer
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Signed By:
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Dr. Melanie Kay-Wyatt - Interim Superintendent
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