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Meeting Date:
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12/7/2023 - 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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10.1 FY 2024 Budget Amendment and Authorize Additional 2% Increase - Renee Hoover
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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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Renee Hoover, Director of Finance, presented information to the Board on November 2, 2023 that the General Assembly Special Session adopted a budget that amends the fiscal year 2024 budget. The school division received an additional funding of $217,277 for compensation supplement to support the state share of the 2% raise and $946,637 for the ALL In Tutoring Program for a total budget amendment of $1,163,914. It also included an additional 2% raise for teachers and staff effective January 1, 2024 with an implementation cost of $637,803.
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Funding:
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Strategic Plan
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Ensure Effective and Efficient Operations - Demonstrating fiscal stewardship.
Support Our Staff - Recruit and retain teachers and staff.
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Action Required
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Motion: I move to amend the FY 2024 budget in the amount of $1,163,914 for additional state funds for a total amended FY 2024 budget of $107,957,902.
Motion: I move to authorize an additional 2% raise to teachers and staff effective January 1, 2024 as adopted in the state’s amended budget.
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Recommendation:
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Staff recommends amending the current CCS FY 2024 budget for the additional state revenue of $1,163,914, split between the general fund of $217,277 and special revenue of $946,637.
In addition staff recommends authorizing the additional 2% raise to teachers and staff effective January 1, 2024 as adopted in the state’s amended budget.
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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 Lisa Torres Moved, Member Dom Morse seconded to approve the Original motion 'Staff recommends amending the current CCS FY 2024 budget for the additional state revenue of $1,163,914, split between the general fund of $217,277 and special revenue of $946,637.
In addition staff recommends authorizing the additional 2% raise to teachers and staff effective January 1, 2024 as adopted in the state’s amended budget.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Jennifer McKeever | Yes | | Sherry Kraft | Yes | | Lisa Torres | Yes | | James Bryant | Yes | | Lashundra Bryson Morsberger | Yes | | Dom Morse | Yes | | Emily Dooley | Yes | |
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