CFO says district maximized capital-to-general transfer under 1011.71 formula
Finance staff said the district computed a capital-to-general transfer using the $200-per-unweighted-FTE provision (cited in statute 1011.71) and maximized the transfer for the district’s FTE, yielding roughly $5.3 million moved to the general fund; union members asked whether additional allowable charges could free up more operating dollars.
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Union representatives questioned whether the district was maximizing transfers from capital to general fund to free up operating dollars. Joyce McIntyre, chief financial officer, said the district used the statutory calculation based on $200 per unweighted full‑time‑equivalent student and that the district had "maximized our transfer" at that rate for the district’s FTE, yielding roughly $5.3 million in recovered general‑fund dollars.
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