Agenda Item
Meeting Date: 5/14/2020 - 6:30 PM
Category: SCHOOL DIVISION BUSINESS
Type: Action
Subject: Adopt FY 2020/21 School Operating Fund and Special Revenue Funds Budget (7:15 to 7:30)
ACPS Division Objective :
Objective 5
We will optimize resources.
Policy: DB - Annual Budget
Enclosure:
File Attachment:
FY 21 Budget Overview - Pending Adoption.pdf
May 14 Budget Adoption.pdf
Summary: On May 7, staff presented a Revised FY 2020/21 Recommended Budget of $193,741,120 to the School Board. This budget reflects a 0.9% decrease in revenues and expenditures when compared to the FY 2019/20 Adopted Budget.

Staff recommends the Board adopt the Recommended Budget, as presented on May 7.

Special Revenue Funds in FY 2020/21 are budgeted at $17,460,067, a 14.3% decrease. The decrease is primarily attributed to the Special Education program restructure.

The Board of Supervisors plans to adopt the County budget on May 14 and appropriate the County budget on June 3.
Funding:
Recommendation: Adopt the FY 2020/21 School Board Budget of $193,741,120 for the School Fund and $17,460,067 for Special Revenue Funds.
Approvals:
Recommended By:
Signed By:
Maya Kumazawa - Director of Planning and Budget
Signed By:
Rosalyn Schmitt - Chief Operating Officer
Signed By:
Dr. Matthew Haas - Superintendent