P.O. Drawer 140, 100 Central Circle

Low Moor, VA24457

540-863-1800†††† 540-863-1804 fax

 

 

 

 

 

DATE:June 20, 2016

ACTION ITEM

 

SUBJECT

Revision to Approved FY2017 Budget

RATIONALE

Due to late-developing and unanticipated reduction in machinery and tools tax revenue projected for the County of Alleghany for FY2017, local funding for the School Board will be reduced by $150,000 from the initial projection upon which the School Boardís approved FY2017 budget was based.

ESTIMATED COSTS

$150,000.00

BUDGET CATEGORY

Revenues and expenditures (detail attached)

LEGAL REFERENCE

N/A

STAFF CONTACTS

Gene Kotulka and/or Keven Rice

SUPERINTENDENTíS

RECOMMENDATION

Approval as presented

 

Attached:Budget revision detail report