Meeting Date:   5/20/2020 - 5:00 PM
Category:   BOARD MEMBER REPORTS
Type:   Action
Subject:   9.4 2020-2021 Appropriation of Fund Balance
District Goals
Enclosure
File Attachment:  
Rationale
Funding
Resolution Whereas the Board of Education finds it necessary to appropriate the total ending FY 18-19 unassigned General Fund balance, as per the FY 18-19 Audit, for the purpose of balancing the 2020-2021 budget.

BE IT FURTHER RESOLVED, That the Board of Education authorizes the Superintendent of Schools to appropriate the total ending FY 18-19 unassigned General Fund balance of $12,717,821 to close a substantive portion of the budget gap.
Approvals:  
Recommended By:
Signed By:  
Board of Education - Office of the Board
Vote Results:  

Original Motion
Member Kevin Cacace Moved, Member Dr. John Castanaro seconded to approve the Original motion 'Whereas the Board of Education finds it necessary to appropriate the total ending FY 18-19 unassigned General Fund balance, as per the FY 18-19 Audit, for the purpose of balancing the 2020-2021 budget.

BE IT FURTHER RESOLVED, That the Board of Education authorizes the Superintendent of Schools to appropriate the total ending FY 18-19 unassigned General Fund balance of $12,717,821 to close a substantive portion of the budget gap.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion CARRIED 7 - 0
   
Judith Ramos Meier     Yes
Steve Lopez     Yes
Kevin Cacace     Yes
Andrea Brown     Yes
Abdool H. Jamal     Yes
Dr. Rosalba Corrado Del Vecchio     Yes
Dr. John Castanaro     Yes