Agenda Item
Meeting Date:
6/16/2021 - 5:00 PM  
Category:
FINANCE  
Type:
Action  
Subject:
14.3 Authorization for $49,473,950 State Aid Advance  
District Goals:
 
Enclosure:
 
File Attachment:
2020-2021 SA-1 Advance.pdf
 
Rationale:
Advance receipt of State Aid commensurate with prior year  
Funding:
 
Resolution
WHEREAS, Chapter 56 of laws of 2017 authorizes an advance of 2021-2022 State Aid, which is a component of the School District's current 2020-2021 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 $49,473,950 for the 2020-2021 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.
 
Approvals:
Recommended By:
Signed By:
Desmond Barnett - Accountant III
Signed By:  
Finance Department - Finance Reviewer
Signed By:  
Elizabeth Janocha - Deputy Commissioner
Signed By:  
John Liszewski - Commissioner
Signed By:  
Matthew Gallagher - Corporation Counsel
Signed By:  
Dr. Edwin M. Quezada - Superintendent of Schools
 
Vote Results:

Original Motion
Member Andrea Brown Moved, Member Sheila Greenwald seconded to approve the Original motion 'WHEREAS, Chapter 56 of laws of 2017 authorizes an advance of 2021-2022 State Aid, which is a component of the School District's current 2020-2021 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 $49,473,950 for the 2020-2021 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: 8 Nay: 0.
The motion Carried 8 - 0
   
Sheila Greenwald     Yes
Gail Burns     Yes
Dr. Rosalba Corrado Del Vecchio     Yes
Abdool H. Jamal     Yes
Dr. John Castanaro     Yes
Kevin Cacace     Yes
Andrea Brown     Yes
Rev. Steve Lopez     Yes