Agenda Item
Meeting Date: 9/10/2020 - 6:30 PM
Category: SCHOOL DIVISION BUSINESS
Type: Info
Subject: Budget Updates (8:50 to 9:05)
ACPS Division Objective :
Objective 5
We will optimize resources.
Policy: DB - Annual Budget
Enclosure:
File Attachment:
09.10.20 Budget Updates.pdf
Summary: Staff will provide a financial update to the School Board with total estimated revenues and expenditures for the fiscal year ended on June 30, 2020. The economic impacts of the COVID-19 pandemic on the School Division will be discussed.

In addition, staff will recommend an annual process for FY 2021/22 budget development. There will be various dates throughout the fall and winter for the School Board to provide guidance and input. The Funding Request will be delayed by one month when compared to previous years, in order to provide staff and the School Board time to more fully incorporate revenue estimates. This proposed schedule will align more closely with Albemarle County's timeline for the Recommended Budget. Work Session dates for the Funding Request will be determined and presented at a later date.
Funding: N/A
Recommendation: For information only. A detailed calendar for approval will follow.
Approvals:
Recommended By:
Signed By:
Maya Kumazawa - Director of Planning and Budget
Signed By:
Rosalyn Schmitt - Chief Operating Officer
Signed By:
Dr. Matthew Haas - Superintendent