Review Agenda Item
Meeting Date: 10/24/2024 - 6:30 PM
Category: APPROVAL OF CONSENT AGENDA
Type: Action
Subject: Donations & Reimbursements to School Division FY25 - 1st Quarter
ACPS Division Objective :
Goal 3
Equitable, Transformative Resources
Policy: DI - Financial Accounting and Reporting
Enclosure
File Attachment:
Qtr 1 DMR Detail Report 10-24-24.pdf
Qtr 1 DMR Summary Report 10-24-24.pdf
Summary: Please find attached a summary of all cash donations, miscellaneous revenue and property donated to the Albemarle County Public Schools through the first quarter of the 2024-25 fiscal year. The back-up is also provided for all donations, miscellaneous revenue, and property received.
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.
Funding: For the first quarter of the fiscal year, $27,299.05 has been accepted in donations and miscellaneous revenues with $27,299.05 accepted by the School Fund and $0.00 accepted by the Special Revenue Funds.
Of the $440,000.00 that was appropriated for donations and miscellaneous revenue in the School Fund, a total of $27,999.05 has been accepted for the fiscal year.
Recommendation: Please accept all donations, property donations and miscellaneous revenue as property of the Albemarle County Public Schools.
Approvals:
Recommended By:
Signed By:
Anita Moore - Management Analyst I
Signed By:
Jackson Zimmermann - School Finance Officer
Signed By:
Rosalyn Schmitt - Chief Operating Officer
Signed By:
Dr. Matthew Haas - Superintendent