|
|
|
|
|
Meeting Date:
|
5/2/2024 - 5:00 PM
|
|
Category:
|
Action Items
|
|
Type:
|
Info/Action
|
|
Subject:
|
11.3 FY25 Budget Amendments - Renee Hoover
|
|
Strategic Plans:
|
|
|
Enclosure
|
|
|
File Attachment:
|
|
|
Background and Summary:
|
Renee Hoover, Director of Finance, will present amendments to the FY25 Adopted Budget for Board information and action.
The General Assembly adopted the Conference Budget on March 9th and City of Charlottesville adopted their budget on April 15th. There is an overall net decrease in revenue funds of $628,316.
The Conference Budget included a 3.0 percent salary increase for SOQ funded instructional and support positions. This is a net increase of $1,399,231 to expenditures. Expenditure amendments were made from the FY 2025 adopted budget changes document to balance budget and include the 3.0 percent salary action.
|
|
Funding:
|
|
|
Strategic Plan
:
|
Ensure Effective and Efficient Operations
CCS will demonstrate fiscal stewardship
100% of budget allocations will support strategic plan priorities
|
|
Action Required
:
|
Move to amend the FY 2025 budget for a decrease in revenues of $628,316 and change expenditures as presented to balance the budget including a 3.0 percent salary increase for teachers and staff for a total budget of $118,794,227.
|
|
Recommendation:
|
The Superintendent recommends the Board approve the revenue and expenditure amendments to the FY 2025 adopted budget including a 3 percent salary action for teachers and staff for a total budget of $118,794,227.
|
|
Approvals:
|
|
Recommended By:
|
|
Signed By:
|
|
|
Dr. Royal Gurley - Superintendent
|
|
|
|
|
|
Vote Results:
|
| Original Motion | | Member Dom Morse Moved, Member Emily Dooley seconded to approve the Original motion 'The Superintendent recommends the Board approve the revenue and expenditure amendments to the FY 2025 adopted budget including a 3 percent salary action for teachers and staff for a total budget of $118,794,227.'. 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 | |
|
|
|
|
|
|
|