Review Agenda Item
Meeting Date: 6/14/2022 - 6:00 PM
Category: FINANCE
Type: Action
Subject: 16.3 Authorization for $15,035,166 State Aid Advance
District Goals:
Enclosure
File Attachment:
Public Pension Accrual BIG 5 Application 2022R.doc
Rationale: Advance receipt of State Aid commensurate with prior year
Funding:
Resolution: WHEREAS, Chapter 56 of laws of 2017 authorizes an advance of 2022-2023 State Aid, which is a component of the School District's current 2021-2022 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 2021-2022 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 Amjed Kuri Moved, Member Sheila Greenwald seconded to approve the Original motion 'WHEREAS, Chapter 56 of laws of 2017 authorizes an advance of 2022-2023 State Aid, which is a component of the School District's current 2021-2022 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 2021-2022 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
   
Rev. Steve Lopez     Yes
Kevin Cacace     Yes
Dr. Rosalba Corrado Del Vecchio     Yes
Dr. John Castanaro     Yes
Gail Burns     Yes
Sheila Greenwald     Yes
Amjed Kuri     Yes
Lawrence Sykes     Yes