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Meeting Date:
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5/20/2020 - 5:00 PM
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Category:
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BOARD MEMBER REPORTS
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Type:
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Action
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Subject:
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9.4 2020-2021 Appropriation of Fund Balance
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District Goals:
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Enclosure
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File Attachment:
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Rationale:
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Funding:
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Resolution:
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Whereas the Board of Education finds it necessary to appropriate the total ending FY 18-19 unassigned General Fund balance, as per the FY 18-19 Audit, for the purpose of balancing the 2020-2021 budget.
BE IT FURTHER RESOLVED, That the Board of Education authorizes the Superintendent of Schools to appropriate the total ending FY 18-19 unassigned General Fund balance of $12,717,821 to close a substantive portion of the budget gap.
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Approvals:
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Recommended By:
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Signed By:
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Board of Education - Office of the Board
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Vote Results:
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| Original Motion | Member Kevin Cacace Moved, Member Dr. John Castanaro seconded to approve the Original motion 'Whereas the Board of Education finds it necessary to appropriate the total ending FY 18-19 unassigned General Fund balance, as per the FY 18-19 Audit, for the purpose of balancing the 2020-2021 budget.
BE IT FURTHER RESOLVED, That the Board of Education authorizes the Superintendent of Schools to appropriate the total ending FY 18-19 unassigned General Fund balance of $12,717,821 to close a substantive portion of the budget gap.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Rev. Steve Lopez | Yes | | Judith_Ramos Meier | Yes | | Andrea Brown | Yes | | Kevin Cacace | Yes | | Dr. John Castanaro | Yes | | Abdool H. Jamal | Yes | | Dr. Rosalba Corrado Del Vecchio | Yes | |
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