Agenda Item
Meeting Date:
10/24/2024 - 6:30 PM  
Category:
APPROVAL OF CONSENT AGENDA  
Type:
Action  
Subject:
Donations & Reimbursements to School Division FY24 4th Quarter  
ACPS Division Objective :
Goal 3
Equitable, Transformative Resources
 
Policy:
DI - Financial Accounting and Reporting  
Enclosure:
 
File Attachment:
23-24_Q4_Board_Summary_Report.pdf
23-24_Q4_Board_Detail_Report.pdf
 
Summary:
Please find attached a summary of all cash donations, miscellaneous revenue and property donated to the Albemarle County Public Schools through the fourth quarter of the 2023-24 fiscal year. The back-up is also provided for all donations, miscellaneous revenue, and property received.

On July 11, 2012, the Board of Supervisors approved a streamlined appropriation process for anticipated School Fund revenue associated with miscellaneous grants, donations, and School Activity Funds. Funds will not be expended until the revenues are actually received.
 
Funding:
For the fourth quarter of the fiscal year, $721,801.26 has been accepted in donations and miscellaneous revenues with $721,801.26 accepted by the School Fund and $0.00 accepted by the Special Revenue Funds.

Of the $440,000.00 that was appropriated for donations and miscellaneous revenue in the School Fund, a total of $1,043,693.94 has been accepted for the fiscal year.
 
Recommendation
Please accept all donations, property donations and miscellaneous revenue as property of the Albemarle County Public Schools.  
Approvals:
Recommended By:
Signed By:
Anita Moore - Management Analyst I
Signed By:  
Jackson Zimmermann - School Finance Officer
Signed By:  
Rosalyn Schmitt - Chief Operating Officer
Signed By:  
Dr. Matthew Haas - Superintendent