Agenda Item
Meeting Date:
5/15/2024 - 5:30 PM  
Category:
BOARD MEMBER REPORTS  
Type:
Action  
Subject:
10.6 2024-2025 Appropriation of Fund Balance  
District Goals:
 
Enclosure:
 
File Attachment:
 
Rationale:
2024-2025 Appropriation of Fund Balance  
Funding:
 
Resolution
WHEREAS the Board of Education finds it necessary to appropriate a portion of the FY 2022-2023 unassigned General Fund balance for the purpose of balancing the 2024-2025 budget,

WHEREAS the Yonkers City School District Financial Statements at year ended, June 30, 2023, show an unassigned general fund balance of $50,895,290,

BE IT FURTHER RESOLVED, That the Board of Education authorizes the Superintendent of Schools to appropriate a portion of the FY 2022-2023 unassigned General Fund balance in an amount not to exceed $40,000,000 to address the budget shortfall.		  
Approvals:
Recommended By:
Signed By:
Finance Department - Finance Reviewer
Signed By:  
John Liszewski - Commissioner
Signed By:  
Anibal Soler, Jr. - Superintendent of Schools
 
Vote Results:

Original Motion
Member Sheila Greenwald Moved, Member Lawrence Sykes seconded to approve the Original motion 'WHEREAS the Board of Education finds it necessary to appropriate a portion of the FY 2022-2023 unassigned General Fund balance for the purpose of balancing the 2024-2025 budget,

WHEREAS the Yonkers City School District Financial Statements at year ended, June 30, 2023, show an unassigned general fund balance of $50,895,290,

BE IT FURTHER RESOLVED, That the Board of Education authorizes the Superintendent of Schools to appropriate a portion of the FY 2022-2023 unassigned General Fund balance in an amount not to exceed $40,000,000 to address the budget shortfall.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 9 Nay: 0.
The motion Carried 9 - 0
   
Felix Rios     Yes
Lawrence Sykes     Yes
Rosemarie Linton     Yes
Amjed Kuri     Yes
Sheila Greenwald     Yes
Gail Burns     Yes
Dr. Rosalba Corrado Del Vecchio     Yes
Dr. John Castanaro     Yes
Kevin Cacace     Yes