Reply to All that DRAMA and now a $34M slush fund at FCPS

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Reply to "All that DRAMA and now a $34M slush fund at FCPS"

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[quote=Anonymous][quote=Anonymous]So, as usual, we have FCPS crying about their need for more money and then we find they are simply hoarding cash to spend without  oversight or public attention.[/quote]

Agree -- there's nothing new this year.

Move along, nothing to see here.

http://www.boarddocs.com/vsba/fairfax/Board.nsf/goto?open&id=AP8F2Y3D133A

[quote]As a result of the revenue and expenditure variances, the total funding available from [b]FY 2017[/b] totals $33.9 million.  This agenda item includes recommendations for FY 2018 expenditure adjustments. Items identified as part of the FY 2018 Approved Budget include placeholder funding of $3.3 million for potential bonus options for employees who did not receive a salary increase in FY 2018 as well as setting aside an additional $1.7 million for the staffing reserve to mitigate the impact of the class size increase and address large class sizes. Prior committed priorities and requirements include $3.6 million to continue FCPS’ annual commitment to allocate funding from year-end for major maintenance; $0.2 million for the fourth and final year of the development of world language curriculum and to identify opportunities to develop global partnerships; and $0.6 million to address a shortfall in Adult and Community Education. Funding to support key strategic plan investments includes $0.5 million for employee recruitment and retention initiatives.
 
All of the remaining funding available, $24.1 million, is recommended to be set aside for a FY 2019 budgeted beginning balance. This results in an initial shortfall of $9.4 million as compared to the beginning balance funding included in the FY 2018 Approved Budget. Looking ahead to FY 2018, additional expenditure requirements may be necessary as part of compliance with the MS4 stormwater permit and federal stormwater mandates. FCPS and the county established a partnership on the joint use of covered salt storage. The County and FCPS are working together to plan for a salt storage facility that will be constructed at the Woodson Complex. Also during FY 2018, FCPS will be piloting lower cost options for replacing bus radios. Any expenditure increases from the stormwater and savings from the radios will be presented to the School Board at an FY 2018 quarterly budget review.[/quote]

http://www.boarddocs.com/vsba/fairfax/Board.nsf/goto?open&id=ABTQ5N67573D

[quote]As a result of the revenue and expenditure variances, after funding the School Board Flexibility Reserve, the centralized textbook replacement reserve, and commitments and carryover, the funding available from [b]FY 2016[/b] totals $32.6 million. This agenda item includes recommendations for FY 2017 expenditure adjustments. Items identified as part of the FY 2017 Approved Budget include establishing a fuel contingency of $2.0 million to mitigate price fluctuations and setting aside an additional $1.0 million for the staffing reserve to address enrollment fluctuations and elementary class size reduction requirements. Prior committed priorities and requirements include $3.6 million to continue FCPS’ annual commitment to allocate funding from year-end for major maintenance; $0.2 million for the third year of the development of world language curriculum for elementary and secondary schools and to identify opportunities to develop global partnerships; and $0.3 million for the infrastructure sinking reserve fund in accordance with recommendations of the joint Board of Supervisors and School Board Infrastructure Financing Committee (IFC). Funding to support key strategic plan investments includes $3.1 million for world language textbooks that were adopted by the School Board in the spring.
 
All of the remaining funding available, $22.5 million, is recommended to be set aside for a FY 2018 beginning balance. This results in an initial shortfall of $10.6 million as compared to the beginning balance funding included in the FY 2017 Approved Budget. FCPS is working with the County on lower cost options for replacing bus radios, and any savings will be recommended to be added to the FY 2018 beginning balance at an upcoming quarterly budget review.[/quote][/quote]

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