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Meeting Date:
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6/28/2023 - 6:30 PM
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Category:
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Old Business & Action Items
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Type:
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Action
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Subject:
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Amended and Restated Motion to Adopt the FY 2024 Combined Funds Budget
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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 2: Instructional Excellence ACPS will ensure that all students have access to and engagement with high-quality instruction. Goal 3: Student Accessibility and Support ACPS will ensure students have equitable access to and engagement with programs and supports that reduce barriers to learning. 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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Background:
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Recommendation:
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Madam Chair, in order to ensure consistency with Section 22.1-93 of the Code of Virginia, I move that the Alexandria City School Board amend and restate its June 1, 2023 motion concerning approval of the FY 2024 Combined Funds Budget, and approve the FY 2024 Combined Funds Budget as follows:
• The FY 2024 Operating budget in the amount of $333,442,978 for both revenues and expenditures. This includes other financing sources and uses, as well as a planned use of general fund balance in the amount of $8,722,578, including a transfer out to the Capital Improvement Program of $1,966,021, along with a $1,200,000 transfer in from the Capital Improvement Program, and a transfer out of $2,030,546 to the Grants and Special Projects Fund. The Operating budget includes 2,442.00 FTEs and a total City appropriation of $258,686,800.
• The FY 2024 Grants and Special Projects budget in the amount of $17,850,779 for revenues and expenditures. This also includes a transfer of $2,030,546 from the Operating Fund to provide supplemental funding support to the Virginia Preschool Initiative (VPI) program. This budget includes a total of 111.45 FTEs.
• The FY 2024 School Nutrition Services budget totals $12,600,871 for revenues and $12,600,871 for expenditures. This budget includes a total of 121.00 FTEs.
The Superintendent is granted the authority to make the necessary minor changes to comply with the intent of the School Board. Additionally, the School Board authorizes the encumbrances remaining as of June 30, 2023 to carry forward from FY 2023 to FY 2024 as an adjustment to the final budget.
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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. Melanie Kay-Wyatt - Interim Superintendent
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Vote Results:
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| Original Motion | | Member Jacinta Greene Moved, Member Kelly Carmichael Booz seconded to approve the Original motion 'Madam Chair, in order to ensure consistency with Section 22.1-93 of the Code of Virginia, I move that the Alexandria City School Board amend and restate its June 1, 2023 motion concerning approval of the FY 2024 Combined Funds Budget, and approve the FY 2024 Combined Funds Budget as follows:
• The FY 2024 Operating budget in the amount of $333,442,978 for both revenues and expenditures. This includes other financing sources and uses, as well as a planned use of general fund balance in the amount of $8,722,578, including a transfer out to the Capital Improvement Program of $1,966,021, along with a $1,200,000 transfer in from the Capital Improvement Program, and a transfer out of $2,030,546 to the Grants and Special Projects Fund. The Operating budget includes 2,442.00 FTEs and a total City appropriation of $258,686,800.
• The FY 2024 Grants and Special Projects budget in the amount of $17,850,779 for revenues and expenditures. This also includes a transfer of $2,030,546 from the Operating Fund to provide supplemental funding support to the Virginia Preschool Initiative (VPI) program. This budget includes a total of 111.45 FTEs.
• The FY 2024 School Nutrition Services budget totals $12,600,871 for revenues and $12,600,871 for expenditures. This budget includes a total of 121.00 FTEs.
The Superintendent is granted the authority to make the necessary minor changes to comply with the intent of the School Board. Additionally, the School Board authorizes the encumbrances remaining as of June 30, 2023 to carry forward from FY 2023 to FY 2024 as an adjustment to the final budget.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Meagan L. Alderton | Yes | | Jacinta Greene | Yes | | Kelly Carmichael Booz | Yes | | Tammy Ignacio | Yes | | Christopher Harris | Yes | |
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