city_council_finance_committee_meeting_agenda_nov.pdf
Council Lets Schools Retain $1.8M in Unspent Funds
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Description
The Winchester Common Council approved Resolution R-2025-44 allowing Winchester Public Schools to retain $1,802,890.34 in FY2025 unexpended operating funds. The funds will be held in a capital reserve and used for school capital improvement and asset replacement projects.
Contract Details
Contract Amount
$1,802,890.34
Vendor
WINCHESTER PUBLIC SCHOOLS
Agency
City of Winchester, VA
Contract Type
OTHER
Document Date
November 5, 2025
Contract Term
FY2025 unexpended operating funds to be retained in capital reserve for future CIP/CARP projects
Renewal Date
2026-06-30
Renewal Info
Annual action based on audited unexpended operating funds; funds deposited into a standing capital reserve to be used for CIP/CARP projects per Section 22.1-100 and the 2024 MOU.
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