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Meeting Date:
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2/14/2019 - 6:30 PM
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Category:
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APPROVAL OF CONSENT AGENDA
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Type:
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Action
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Subject:
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Donations and Reimbursements to School Division FY 2018-19 - 2nd Quarter
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ACPS Division Objective :
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Objective 5 We will optimize resources.
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Enclosure:
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Summary and Coding for Donations and Reimbursements FY 2018-19 - 2nd Quarter
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File Attachment:
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Summary:
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Please find attached a summary of all cash donations, miscellaneous revenue and property donated to the Albemarle County Public Schools. The back-up for all donations, miscellaneous revenue and property received during the 2nd quarter of the 2018-19 fiscal year.
On July 11, 2012, the Board of Supervisors approved a streamlined appropriation process for anticipated School Fund revenue associated with miscellaneous grants, donations, and School Activity Funds. Funds will not be expended until the revenues are actually received.
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Funding:
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Of the $145,179.37 that was appropriated for donations, $95,743.65 was accepted this quarter. Of the $101,774.72 that was appropriated for miscellaneous revenue, $62,817.04 was received this quarter.
The revenue is projected to exceed the remaining available balance. In accordance with streamlined process described in the summary section, an appropriation will be submitted appropriate $200,000.00 to cover donations and other miscellaneous revenue received by the School Division to date and for anticipated contributions through the end of FY 18-19. Funds will not be expended until the revenues are actually received.
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Recommendation:
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Please accept all donations, property donations and miscellaneous revenue as property of the Albemarle County Public Schools.
Request the Board of Supervisors appropriate $200,000.00 to cover donations and other miscellaneous revenue received by the School Division to date and for anticipated contributions through the end of FY 18-19. Funds will not be expended until the revenues are actually received.
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Approvals:
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Recommended By:
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Signed By:
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Lindsay Huff - Senior Budget Analyst
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Signed By:
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Jackson Zimmermann - School Finance Officer
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Signed By:
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Rosalyn Schmitt - Chief Operating Officer
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Signed By:
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Dr. Matthew Haas - Superintendent
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