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Meeting Date:
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1/26/2021 - 5:00 PM
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Category:
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Study/Action Items
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Type:
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Action
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Subject:
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Goal Emphasis Financial Well-Being V(D): Revised FY 2020-2021 Financial Plan and Budget and Revised FY 2020-2021 Budget Resolution (20 minute presentation, 20 minute Q&A)
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End Statements:
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End Statement V Financial Well-Being Financial Well-Being
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Enclosure
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Attachment #1: FY 2020-2021 Revised Use of Beginning Fund Balance Resolution
Attachment #2: FY 2020-2021 Revised Appropriation Resolution
Attachment #3: FY 2020-2021 Revised Budget Executive Summary
Attachment #4: FY 2020-2021 Revised Budget Presentation
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File Attachment:
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Summary :
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The annual budget adopted by the Board of Education in June is based on a number of projections including projected enrollment and projected tax rates. Annually, the budget is revised in January to account for actual enrollment based on Student October Count and actual tax rates based on the December mill levy setting. Additionally, other projected revenue and expenditure lines are updated based on information received since the June adoption.
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Funding:
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Recommendation:
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That the Board of Education approve the Revised FY 2020-2021 Financial Plan and Budget and FY 2020-2021 Revised Budget Resolutions.
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Approvals:
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Recommended By:
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Signed By:
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Kate Kotaska - Chief Financial Officer
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Signed By:
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Corey Wise - Superintendent
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Vote Results:
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| Original Motion | | Member Kevin Leung Moved, Member Krista Holtzmann seconded to approve the Original motion 'That the Board of Education approve the Revised FY 2020-2021 Financial Plan and Budget and FY 2020-2021 Revised Budget Resolutions.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Ray D | Yes | | Christina Ciancio-Schor | Yes | | Anthony Graziano | Yes | | Krista Holtzmann | Yes | | Kevin Leung | Yes | | Susan Meek | Yes | | Elizabeth Hanson | Yes | |
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