Title
Proposed letter to the Honorable Dr. Juanita Miller, Chair, Prince George’s County Board of Education, approving their FY 2021 Operating Budget First Financial Review and Transfer Request.
Background
The Public School Laws of Maryland require Board of Education and County Council approval of transfers between major State categories. Subsequently, the Prince George’s County Public Schools forwarded their First Financial Review and Transfer Request to the Council for consideration on May 28, 2021. The First Financial Review was approved by the Board on March 25, 2021. However, it was held at the request of County Council staff until May 28, 2021, to better align the County Council meeting agenda.
The Transfer includes budget realignments and transfers between existing major State categories within the FY 2021 Board of Education Approved Budget. Total revenue and expenditures remain at the Board of Education Approved Budget level of $2,319,506,234. The transfer request maintains a balanced budget and ensures fiscal stability through June 30, 2021 and it is a key component of the comprehensive plan to reconcile the FY 2022 Operating Budget.