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Board approves first reading of amended Policy 502 to allow internal maintenance budget transfers with quarterly reporting
Summary
The board gave first reading approval to an amended Policy 502 (Budget Development and Maintenance) to permit staff to make certain internal net‑zero maintenance budget transfers; the audit committee recommended quarterly summaries to the board.
The Santa Fe Public Schools Board of Education on Sept. 25 approved the first reading of an amended Policy 502 (Budget Development and Maintenance) that permits greater flexibility for staff to make internal maintenance transfers within funds and reduces the number of routine net‑zero BAR (Budget Adjustment Request) items requiring board approval.
Chief Financial Officer Richard Halford said the policy change aligns district practice with what other districts…
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