Title
Proposed correspondence to Alvin Thornton, Ph.D., Chair, Board of Education, regarding their Operating Budget FY 2020 Second Financial Review.
Background
The Board of Education (BOE) transmitted their FY 2020 Second Financial Review and Transfer Request on June 22, 2020. The BOE approved the CEO’s transfer request on June 11, 2020. The requested transfer realigns $6,541,844 in unrestricted funds between major expenditure categories and appropriates an additional $30,031,745 in restricted funds for use in FY 2020. As a result of the impact of the major expenditure category realignment, and the increase in revenue the revised approved Board of Education FY 2020 Operating budget will increase from $2,180,608,560 to $2,210,640,305 as approved by the County Council on Tuesday, July 14, 2020.
The receipt of $30,031,745 in restricted revenue from the Elementary and Secondary School Emergency Relief (ESSER) grant under the Coronavirus Aid Relief and Economic Security (CARES) Act will be used to support School System expenditures related to the COVID-19 pandemic.
The transfer request increases funding in the following major categories: Administration, Instructional Salaries, Textbooks & Instructional Materials, Other Instructional Costs, Special Education, Health Services, Student Transportation Services, Operation of Plant, Fixed Charges, Food Services Subsidy, and Community Services. These increases in expenditure funding are offset by savings identified within the following categories: Mid-Level Administration, Student Personnel Services, and Maintenance of Plant.
The transfer and revenue reduction request are required to comply with state law to ensure that expenditures do not exceed state categorical appropriated amounts.