Agenda Item
Meeting Date:
3/8/2019 - 7:00 PM  
Category:
Finance and Budget  
Type:
Info  
Subject:
Financial Implications of the Governor’s Budget  
Strategic Plan:
Objective 6.1 Fiscal Policies and Practices
ACPS will plan, manage, monitor, and report spending to provide decision-makers and the community with a reliable, accurate, and complete view of the financial performance of the educational system at all levels.
 
Policy:
DB - Annual Budget  
Funding Source or Fiscal Impact (where applicable):
 
File Attachment:
190308_Financial_Implications_State_Revenue.pdf
 
Agenda Item Summary:
ACPS received a reduction to its State revenue of $227,720.  
Background:
On Thursday, February 21, 2019, the School Board approved the FY 2020 Combined Funds Budget. The adoption of the Combined Funds Budget is an annual commitment to programs and activities for Alexandria City Public Schools. ACPS is moving forward in our efforts to realize the mission and vision established in ACPS 2020 strategic plan, and to prepare every student to have the skills necessary to be successful in the 21st century. We are guided by a commitment to achieving academic excellence, where every school is high performing and every student succeeds.

The Approved FY 2020 Operating Budget includes $47,756,735 of State revenue (based on the Governor’s Proposed Budget). This total was decreased by the state, by a total of $227,720.
 
Recommendation
The Superintendent recommends that School Board members review the board brief.  
Approvals:
Recommended By:
Signed By:
Dominic Turner - Acting Chief Financial Officer
Signed By:  
Gregory Hutchings - Superintendent