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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 local revenue and higher state revenue tied to average daily membership) and roughly $8 million of expense savings. Taken together, staff projected about $11.5 million in year-end savings (not audited). The board was reminded these are preliminary and subject to audit.
Staff recommended $7 million toward future school needs (front-funding the FY27 budget), $4 million to debt reserve to smooth an expected CIP-related debt-service bubble, and $600,000 for bus replacements. Schedule C presented a $17 million reserve list of currently budgeted FY25 items expected to continue into FY26, with the largest share tied to the ongoing 'All In' program.
Separately, memo 080-25 requests the board ask the board of supervisors to appropriate $6.7 million of state funding to deliver an SOQ instructional bonus: a $1,000 payment prorated by FTE for qualifying instructional titles (teachers, guidance counselors, librarians, instructional aides, principals and assistant principals as amended for CCPS job titles).
Both memos were moved, seconded and approved by unanimous roll-call votes. Meister emphasized the figures are projected and not audited; the district will finalize allocations when audited figures are available.
What happens next: Staff will finalize audit results, present recommended final appropriations and carryover items for board and county consideration, and work with the board of supervisors to secure the state bonus appropriation.
