Agenda Item
Meeting Date:
9/19/2017 - 7:00 PM  
Category:
FINANCE  
Type:
Action  
Subject:
14.2 2017-2018 Budget Amendment  
District Goals:
Goal 6
To commit to fiscal accountability.
 
Enclosure:
 
File Attachment:
SO 35-2017 AMENDING BUDGET FY17-18.PDF
Correspondence from State of NY -The Assembly Ways and Means Committee.pdf
662300 Yonkers Grant in Aid.doc.rtf
FY18 Budget Amendment Justification-Signed by State Comptrollers Office.PDF
 
Rationale:
The State Fiscal Year (SFY) 2017-18 Enacted Budget (A3000-D/S2000-D, Chapter 50) includes a reappropriation for additional grants in aid for certain school districts, public libraries, and not-for-profit institutions (page 843, lines 27-33). This reappropriation will provide a total of $1,500,000 to the Yonkers City School District. The Legislature’s intent is to process these funds through the State Education Department for this school district for the 2017-18 School Year

Therefore, on August 8, 2017, the Yonkers City Council approved Special Ordinance 35-2017, which amends the City of Yonkers Board of Education Budget by increasing both State Funding for Education Revenues and Basic Operating Expenditures by $1,500,000, respectively.
 
Funding:
Allocation of expenditure and revenue appropriations as per the attached documentation.  
Resolution
NOW THEREFORE BE IT RESOLVED That all Budget Amendments as listed on the attached document are hereby authorized  
Approvals:
Recommended By:
Signed By:
Andrew Lenney - Budget Director
Signed By:  
John Liszewski - Commissioner
Signed By:  
Dr._Andrea_S. Coddett - Deputy Superintendent
Signed By:  
Dr. Edwin M. Quezada - Superintendent of Schools
 
Vote Results:

Original Motion
Member Kevin Cacace Moved, Member John Jacono seconded to approve the Original motion 'NOW THEREFORE BE IT RESOLVED That all Budget Amendments as listed on the attached document are hereby authorized'. Upon a Roll-Call Vote being taken, the vote was: Aye: 9 Nay: 0.
The motion Carried 9 - 0
   
James Cavanaugh     Yes
John Jacono     Yes
Dr._Nader_J. Sayegh     Yes
Rev. Steve Lopez     Yes
Pasquale Mondesando     Yes
Judith_Ramos Meier     Yes
Kevin Cacace     Yes
Andrea Brown     Yes
Edgar Santana     Yes