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Meeting Date:
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2/22/2024 - 5:00 PM
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Category:
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Action Items
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Type:
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Action
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Subject:
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8.1 Approval of 2024-2025 Operating Budget - Dr. Royal A. Gurley, Jr.
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Strategic Plans:
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Enclosure
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File Attachment:
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Background and Summary:
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The FY 25 Superintendent’s Proposed Budget was presented at the February 1, 2024 meeting with an increased City appropriation of $6 million. At the School Board members request the City’s appropriation was increased another $3 million. The Superintendent’s FY 25 Proposed Budget presented for adoption has an increased City appropriation of $9,023,574 for a total City appropriation of $76,115,708. This 13.45% increase over FY 2024 City Appropriation Budget of $67,092,134.
The FY 25 Proposed Budget total’s $94,743,863 for the General (Operating) Fund and $24,678,680 for the Special Revenue Funds for an overall total budget of $119,422,543. This is an increase of $11,464,641 or 10.62% over FY 2024 Revised Budget.
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Funding:
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Strategic Plan
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Priority 4: Ensure Effective and Efficient Operations
Goal 4: Demonstrating fiscal stewardship.
Priority 3: Support Our Staff
Goal 1: Recruit and retain teachers and staff.
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Action Required
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Move to adopt the Superintendent’s Proposed FY 2024-2025 budget as outlined in the summary of changes from FY 2024 for a total fiscal year 2025 budget of $119,422,543.
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Recommendation:
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The Superintendent recommends the adoption of the FY 2025 Budget as presented with an increased City appropriation request of $9,023,574 to support students' needs base budget for an overall total budget of $119,422,543.
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Approvals:
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Recommended By:
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Signed By:
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Dr. Royal Gurley - Superintendent
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Vote Results:
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| Original Motion | | Member Chris Meyer Moved, Member Dom Morse seconded to approve the Original motion 'The recommendation for the Approval of 2024-2025 Operating Budget will be added on Tuesday, February 20, 2024.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Lisa Torres | Yes | | Dom Morse | Yes | | Emily Dooley | Yes | | Amanda Burns | Yes | | Shymora Cooper | Yes | | Nicole Richardson | Yes | | Chris Meyer | Yes | |
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