HomeMy WebLinkAboutII. A. FY 2024-25 VBCPS AMENDED BUDGET 6.18.24FY 2024/25 Amended
Budget Resolution
Crystal Pate, Chief Financial Officer
June 18, 2024
Revenue Comparison for the
Amended Budget
Revenue Source
Proposed
FY 2024/25
Amended
FY 2024/25 $ Variance
Federal $14,744,107 $14,744,107 $0
State $364,283,405 $383,220,849 $18,937,444
State Sales Tax $91,663,766 $88,878,833 ($2,784,933)
Revenue Sharing Formula $473,709,904 $473,491,696 ($218,208)
Other Local $4,457,538 $4,457,538 $0
School Reserve $0 $0 $0
Total $948,858,720 $964,793,023 $15,934,303
Budget Balancing
Description Amount Balance
--$15,934,303
2% increase in the entry rates for both the unified and
instructional experience-based step pay scales effective
August 1, 2024*
$13,045,540 $2,888,763
Special education support $2,000,000 $888,763
Wellness day (1.0) $650,000 $238,763
Instructional resources $238,763 $0
* Includes the cost for both the School Operating fund and the Green Run Collegiate Charter School fund
Questions?