City and RPS Administration Complete Review of Richmond Public Schools Capital Maintenance and Construction Accounts

From the City of Richmond:

Richmond, VA – The City of Richmond’s Department of Budget and Strategic Planning and Richmond Public Schools Finance staffs have completed a preliminary reconciliation of all RPS managed capital projects through the end of the 2018 fiscal year.
As of June 30, RPS Capital Project Accounts have the following balances:

Schools Capital Maintenance (Award #500492)		$ 5,119,182
Schools Capital Maintenance – Cash (Award #500840)		2,650,109
High School Athletic Facilities (Award #500493)		568,000
Schools ADA Compliance (Award #500495)		975,866
Schools Bus Lease (Award #500863)		771,093
		$10,084,251

The June 30th balance in the School CIP Planning and Construction is $12,235,946.
These balances are in addition to the $1.6 million Mayor Stoney included in the FY19 budget for RPS maintenance, and the $150 million investment the administration has made in new schools construction.
School Board Chairwoman Dawn Page said the reconciliation provides greater clarity to the resources available to RPS.

“The School Board welcomed the discussion to reconcile the funding sources between the city and Richmond Public Schools,” said Board Chairwoman Dawn Page. “We appreciate the collaboration with the city toward a common goal of providing a welcoming and enriched learning environment for the students and families we serve. This certainty will allow us to develop a plan of action and to request the necessary budget amendments to address the most pressing needs of the school district.”

“I look forward to the school board’s decisions on how to utilize these funds, and to working with them to advance the necessary amendments to Council,” said Mayor Stoney. “Having a clear accounting of these funds will help us provide better maintained facilities and positive learning environments to help our children achieve their potential.”

“When we work together, our kids win. Having clarity on these numbers is enormously helpful. I want to thank my team as well as the city’s for working so diligently on this,” said Superintendent Jason Kamras.