Review Agenda Item
Meeting Date: 5/16/2018 - 7:00 PM
Category: FINANCE
Type: Action
Subject: 14.3 Authorization for $15,035,166 State Aid Advance
District Goals:
Enclosure
File Attachment:
Public Pension Accrual BIG 5 Application 2018 Complete.doc
Rationale: Advance of State Aid Advance 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 $15,035,166 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 $15,035,166 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
   
Kevin Cacace     Yes
Dr. Rosalba Corrado Del Vecchio     Yes
Edgar Santana     Yes
Pasquale Mondesando     Yes
Judith_Ramos Meier     Yes
Rev. Steve Lopez     Yes
John Jacono     Yes