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Meeting Date:
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Category:
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Type:
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Subject:
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16.3 Authorization for $15,035,166 State Aid Advance - Public Pension Accrual |
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District Goals:
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Enclosure:
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File Attachment:
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Rationale:
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Advance receipt of State Aid commensurate with prior year |
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Funding:
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Resolution
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WHEREAS, Chapter 56 of laws of 2022 authorizes an advance of 2023-2024 State Aid, which is a component of the School District's current 2022-2023 budget, and WHEREAS, the State Aid Advance requires the approval of the Yonkers Board of Education, the Mayor, and the Commissioner of Finance. NOW THEREFORE BE IT RESOLVED: That the Board of Education hereby authorizes the request for a State Aid Advance in the amount $15,035,166 for the 2022-2023 fiscal year, AND BE IT FURTHER RESOLVED: That the Board Report be forwarded to the Mayor of Yonkers for his approval, along with a copy of the attached application form. |
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Approvals:
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Recommended By: |
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Signed By: |
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Desmond Barnett - Accountant III |
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Signed By: |
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Finance Department - Finance Reviewer |
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Signed By: |
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Elizabeth Janocha - Deputy Commissioner |
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Signed By: |
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John Liszewski - Commissioner |
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Signed By: |
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Matthew Gallagher - Corporation Counsel |
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Signed By: |
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Dr. Edwin M. Quezada - Superintendent of Schools |
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Vote Results:
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| Original Motion | | Member Rosemarie Linton Moved, Member Lawrence Sykes seconded to approve the Original motion 'WHEREAS, Chapter 56 of laws of 2022 authorizes an advance of 2023-2024 State Aid, which is a component of the School District's current 2022-2023 budget, and WHEREAS, the State Aid Advance requires the approval of the Yonkers Board of Education, the Mayor, and the Commissioner of Finance. NOW THEREFORE BE IT RESOLVED: That the Board of Education hereby authorizes the request for a State Aid Advance in the amount $15,035,166 for the 2022-2023 fiscal year, AND BE IT FURTHER RESOLVED: That the Board Report be forwarded to the Mayor of Yonkers for his approval, along with a copy of the attached application form.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Kevin Cacace | Yes | | Dr. Rosalba Corrado Del Vecchio | Yes | | Rev. Steve Lopez | Yes | | Dr. John Castanaro | Yes | | Gail Burns | Yes | | Rosemarie Linton | Yes | | Lawrence Sykes | Yes | |
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