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V.C.
 
Charlotte-Mecklenburg Board of Education
 
Agenda Item
 

Meeting Date
August 8, 2017

Agenda Item Title
Recommend Approval of the Charlotte-Mecklenburg Board of Education FY2017-2018 Operating Budget Including Compensation Recommendations

Correlation to Board of Education Vision, Mission & Core Beliefs
Operating effectively and efficiently with fiscal accountability


Staff Present

​Sheila W. Shirley, Chief Financial Officer



Main Points

On May 9, 2017 the Board of Education approved the 2017-2018 Proposed Budget. Since that time the Board of County Commissioners (BOCC) and the state have adopted their budgets, and we have estimates for our federal budget. In accordance with state statute 115C-432, the Board of Education shall adopt a budget resolution making appropriations for the budget year in such sums as the board may deem sufficient and proper.



Fiscal Implications
  • State - $837,795,986
  • County - $428,744,699
  • Federal/Grants – $124,499,419
  • Other/Special Revenue - $18,829,236
  • Total Operating Budget - $1,409,869,340
  • Capital Replacement - $22,960,000
  • Child Nutrition Program – $70,337,763
  • After School Enrichment Program - $13,980,312

         Total Proposed Budget - $1,517,147,415



Agenda Item Type
action items


Motion
Recommend approval to adopt the budget resolution for the Current Expense, Capital Replacement, After School Enrichment Program, and Child Nutrition Program Budgets including compensation recommendations for FY2017 - 2018.