Review Agenda Item
Meeting Date: 5/15/2019 - 7:00 PM
Category: FINANCE
Type: Action
Subject: 17.2 Authorization for $49,473,950 State Aid Advance
District Goals:
Enclosure
File Attachment:
SA-1 (Yonkers) FORM 2019-20 DEDUCT 042519_JS.doc
Rationale: Advance receipt of State Aid commensurate with prior year
Funding:
Resolution: WHEREAS, Chapter 56 of laws of 2017 authorizes an advance of 2019-2020 State Aid, which is a component of the School District's current 2018-2019 budget, and

WHEREAS, the 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 2018-2019 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:
Matthew Gallagher - Corporation Counsel
Signed By:
Dr. Edwin M. Quezada - Superintendent of Schools
Vote Results:

Original Motion
Member Pasquale Mondesando Moved, Member Edgar Santana seconded to approve the Original motion 'WHEREAS, Chapter 56 of laws of 2017 authorizes an advance of 2019-2020 State Aid, which is a component of the School District's current 2018-2019 budget, and

WHEREAS, the 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 2018-2019 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
   
Pasquale Mondesando     Yes
Rev. Steve Lopez     Yes
Edgar Santana     Yes
Kevin Cacace     Yes
Andrea Brown     Yes
Dr. Rosalba Corrado Del Vecchio     Yes
Dr._Ammir Rabadi     Yes