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Meeting Date:
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5/16/2018 - 7:00 PM
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Category:
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FINANCE
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Type:
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Action
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Subject:
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14.2 Authorization for $49,473,950 State Aid Advance
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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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Advance receipt of State Aid commensurate with prior year
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Funding:
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Resolution:
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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.
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Approvals:
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Recommended By:
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Signed By:
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Desmond Barnett - Accountant III
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Signed By:
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Finance Department - Finance Reviewer
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Signed By:
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Elizabeth Janocha - Deputy Commissioner
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Signed By:
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John Liszewski - Commissioner
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Signed By:
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Michael Curti - Corporation Counsel
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Signed By:
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Dr. Edwin M. Quezada - Superintendent of Schools
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Vote Results:
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| 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 | |
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