City of Alexandria, Virginia
________________
MEMORANDUM
DATE: JUNE 6, 2018
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
FROM: MARK B. JINKS, CITY MANAGER /s/
DOCKET TITLE:
TITLE
Consideration of Transfer of Capital Funding for High School Capacity Planning to the Alexandria City Public School's Capital Program from the Reservation of Bond Capacity & Cash Capital Account.
BODY
______________________________________________________________________________
ISSUE: Transfer of Capital Funding for High School Capacity Planning to the Alexandria City Public School's Capital Program from the Reservation of Bond Capacity & Cash Capital Account.
RECOMMENDATION: That City Council approve the request of the Alexandria City Public Schools (ACPS) to transfer $5,150,000 of capital funding to the Alexandria City Public School's Capital Program from the Reservation of Bond Capacity & Cash Capital Account for high school capacity planning.
BACKGROUND: The FY 2019 to FY 2028 Proposed and Adopted Capital Improvement Programs and related budget documents included sufficient funds which equaled the School Board's $474.7 million adopted plan. However, given the not-yet-specific nature of a number of City and School Board proposed funding categories (School land acquisition, City land acquisition, high school planning, Witter-Wheeler area planning, Department of Community and Human Services co-location costs, etc.) at the time that the budget was proposed, a new reservation of bond capacity account was established in the CIP. This is akin to a contingent account. The intent was to have the funds appropriated in the adopted CIP budget, but not allocated to either a City or ACPS project by City Council until there was more project specificity.
On the basis of our ongoing and recent conversations, a higher degree of specificity now exists for the high school planning dollars. On June 1, 2018, ACPS staff provided a memo outlining a more specific plan for the $5....
Click here for full text