Agenda Item
Meeting Date: 2/14/2019 - 6:30 PM
Type: Action
Subject: Carryforward of One-Time Funds in Support of Classroom Furnishings, Center One, & Classroom Shades
ACPS Division Objective :
Objective 5
We will optimize resources.
Policy: DB - Annual Budget
File Attachment:
18-19-Carry_Forward_Building_Services_One-Time_Projects (002).xlsx
Summary: This request is to re-appropriate $502,270 in School Fund fund balance to complete projects previously approved by the School Board on March 8, 2018 as a one-time Project Funding request. The projects were classroom furnishings, Center One costs, and the classroom interior & exterior window shades. These projects were started but not completed in the prior fiscal year, and although the projects cross fiscal years, they continue to be one-time expenditures.
Funding: One-time funding that was approved in the prior fiscal year dropped to fund balance. This request utilizes those funds to meet project needs. Due to accounting practices, this requires transfer between funds that total more than $1M. The net effect of this is $502,270.
Recommendation: Request the Board of Supervisors to appropriate funds as specified.
Recommended By:
Signed By:
Jackson Zimmermann - School Finance Officer
Signed By:
Rosalyn Schmitt - Chief Operating Officer
Signed By:
Dr. Matthew Haas - Superintendent