Minutes 09/28/2004 - Laserfiche WebLink

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September 28, 2004 Summary: · The School Board has received additional Federal, State, and other revenues in excess of budget in the total amount of $2,638,187, which was not included in the FY 2004-05 School Budget appropriation by City Council. The School Board, in its resolution dated September 23, 2004, requests that City Council appropriate an additional $2,638,187 in the FY 2004-05 Operating Budget for educational purposes. Purpose and Need: · Additional funding in the amount of $1,701,701 is dedicated to grant programs and would be returned to the granting agencies if not used for their intended purpose. · Additional funding in the amount of $936,486 is targeted to establish a new Capital Improvement Project entitled "City/Schools Joint Financial/Human Resource Management System." Financial Impact: · There is no additional cost to the City at this time. Motion by Mr. Whitehurst, and seconded by Mr. Heretick, to adopt the following ordinance, and was adopted by the following vote: "ORDINANCE AMENDING THE CITY'S APPROVED FY 2004-2005 BUDGET FOR EDUCATIONAL PURPOSES AND APPROPRIATING THE ADDITIONAL SUM OF $2,638,187 FOR SAID PURPOSES." Ayes: Heretick, Moody, Psimas, Randall, Smith, Whitehurst, Holley Nays: None 04 - 362 - Adoption of an ordinance to amend the FY 2004-05 Capital Improvement Program by creating a new Capital Improvement Project entitled, "City/Schools Joint Financial/Human Resources Management System," and by appropriating $936,486 to the Capital Improvements Fund from the FY 2004-05 Operating Budget funds for educational purposes as transferred to the City by the School Board for said project. The School Board resolution dated September 23, 2004 also requests City Council to establish a capital project with an initial contribution in the amount of $936,486 for a much needed joint comprehensive financial/human resource management system. This system will enable the integration and consolidation of support functions, increase the functional efficiency and effectiveness of both Finance Departments, and improve relations and communications between City and School staff. Recommended Action: · Adoption of an ordinance to amend the FY 2004-05 Capital Improvement Program by creating a new Capital Improvement Project entitled, "City/Schools Joint Financial/Human Resource Management System," and by appropriating $936,486 to the Capital Improvements Fund from the FY 2004-05 Operating Budget funds for educational purposes as transferred to the City by the School Board for said project. Summary: · The School Board resolution dated September 23, 2004 also requests City Council to establish a capital project with an initial contribution in the amount of $936,486 for a much-needed joint comprehensive financial/human resource management system. This system will enable the integration and consolidation of support functions, increase the functional efficiency and effectiveness of both Finance Departments, and improve relations and communications between City and School staff.