Agenda Item
Meeting Date:
5/16/2018 - 7:00 PM  
Category:
FINANCE  
Type:
Action  
Subject:
14.2 Authorization for $49,473,950 State Aid Advance  
District Goals:
 
Enclosure:
 
File Attachment:
SA-1 (Yonkers) FORM 2018-19 DEDUCT 041618_JS_Complete.doc
 
Rationale:
Advance receipt of State Aid commensurate with prior year  
Funding:
 
Resolution
WHEREAS, Chapter 56 of Laws of 2017 authorizes an advance of 2018-2019 State Aid, which is a component of the School District's current 2017-2018 budget, and

WHEREAS, this State Aid Advance requires the approval of the Yonkers Board of Education, the Mayor, and the Commissioner of Finance.

NOW THEREFORE BE IT RESOLVED: That the Board of Education hereby authorizes the request for a State Aid Advance in the amount $49,473,950 for the 2017-2018 fiscal year,

AND BE IT FURTHER RESOLVED: That the Board Report be forwarded to the Mayor of Yonkers for his approval, along with a copy of the attached application form.
 
Approvals:
Recommended By:
Signed By:
Desmond Barnett - Accountant III
Signed By:  
Finance Department - Finance Reviewer
Signed By:  
Elizabeth Janocha - Deputy Commissioner
Signed By:  
John Liszewski - Commissioner
Signed By:  
Michael Curti - Corporation Counsel
Signed By:  
Dr. Edwin M. Quezada - Superintendent of Schools
 
Vote Results:

Original Motion
Member Pasquale Mondesando Moved, Member John Jacono seconded to approve the Original motion 'WHEREAS, Chapter 56 of Laws of 2017 authorizes an advance of 2018-2019 State Aid, which is a component of the School District's current 2017-2018 budget, and

WHEREAS, this State Aid Advance requires the approval of the Yonkers Board of Education, the Mayor, and the Commissioner of Finance.

NOW THEREFORE BE IT RESOLVED: That the Board of Education hereby authorizes the request for a State Aid Advance in the amount $49,473,950 for the 2017-2018 fiscal year,

AND BE IT FURTHER RESOLVED: That the Board Report be forwarded to the Mayor of Yonkers for his approval, along with a copy of the attached application form.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
John Jacono     Yes
Rev. Steve Lopez     Yes
Judith_Ramos Meier     Yes
Pasquale Mondesando     Yes
Edgar Santana     Yes
Dr. Rosalba Corrado Del Vecchio     Yes
Kevin Cacace     Yes