Agenda Item
Meeting Date: 7/14/2022 - 6:30 PM
Type: Info/Action
Subject: FY 23 Budget Amendments (8:20 to 8:40)
ACPS Division Objective :
Goal 3
Equitable, Transformative Resources
Policy: DB - Annual Budget
File Attachment:
FY 23 Budget Amendments 7.20.22 vFinal.pdf
FY 23 Budget Amendments.pdf
Summary: On June 1, 2022, the State General Assembly adopted a state budget which includes updated FY 23 estimates for funding distributed to school divisions. Due to the delay in the state budget adoption, the School Board adopted an FY 23 budget on May 12 based on the projections of the state senate budget.

The General Assembly adopted budget provides approximately $1.1M less funding to ACPS than what was adopted in May. Of that, School Fund revenues are projected to decrease by $404,363 and school construction funds are decreasing by $709,274. Staff will propose budget amendments to address decreases in expenditures accordingly, distribute the Schools CIP Projects Holding Account to specific projects, and allocate funding to the Health Care Fund as a partial reimbursement for historical COVID-19 costs incurred by ACPS, in response to the request by the Health Care Fund Steering Committee.
Funding: As presented.
Recommendation: Request the Board of Supervisors approve the attached appropriations and to amend the appropriations ordinance accordingly.
Recommended By:
Signed By:
Maya Kumazawa - Director of Planning and Budget
Signed By:
Rosalyn Schmitt - Chief Operating Officer
Signed By:
Dr. Matthew Haas - Superintendent