The matching funds program was established in 2001-02 by the Superintendent to assist schools and their partners in raising funds for school improvements by matching dollars in any amount up to $50,000. On January 22, 2004, a committee composed of representatives from the County Council PTA, elementary, middle and high school principals, students, teachers, and the Facilities Division met to review the procedures approved by the Board on October 15, 2002. Revisions to program procedures were recommended and approved by the Board on March 9, 2004 to become effective for the 2004-05 fiscal year.

Yates Elementary School has requested District matching funds to complete their project budget. This authorization is subject to the verification of the school's available funds.

Total matching funds expenditure is $19,200. Expenditures will be funded as follows: 50% by the school and 50% from 2 Mill matching funds, not to exceed $50,000. Funds in the amount of $45,509.52 remain available for additional projects from the original $500,000 2004-05 Matching Funds allocation.