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Chesterfield board approves year-end allocations and $6.7M state instructional bonus appropriation request
Summary
The board approved a year-end usage memo projecting roughly $11.5 million in FY25 savings and recommended allocations including $7M for future school needs, $4M for debt reserve and $600K for bus replacements; it also approved a request to appropriate $6.7M in state SOQ funds for an instructional bonus.
On May 13 the Chesterfield County School Board approved memo 079-25 presenting preliminary FY25 results and a proposed allocation of year-end savings, then approved memo 080-25 requesting appropriation of $6.7 million in state SOQ funding for instructional bonuses.
Presenter Bob Meister summarized schedule A (appropriation changes) and schedule B (preliminary year-end usage). He reported approximately $3.4 million of incremental revenue (including about $1 million of increased…
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