Board adopts routine fiscal resolutions authorizing temporary borrowing and budget delegation

The San Marino Unified School District Board of Education approved four routine fiscal resolutions to provide staff with short‑term cash tools and administrative authority for the 2025–26 fiscal year. Dr. Choi presented four resolutions the board approved tonight: (1) authorization to permit temporary interfund borrowing among district funds up to $1,500,000 for cash‑flow purposes; (2) authorization to borrow temporarily from the Los Angeles County school pools fund (managed by the LA County treasurer), up to $25,000,000 if needed; (3) delegation to district staff to process routine budget revisions, adjustments, and transfers — allowing individual transfers up to $1,000,000 with a fiscal‑year cap of $2,000,000; and (4) recalculation of the district’s appropriations limit under Proposition 4 and Government Code section 7902 for the prior year and the 2025–26 estimate. Dr. Choi and staff emphasized that adopting these resolutions does not require the district to borrow funds immediately; the authorities provide optional tools to manage cash flow and operations if exigencies arise. Dr. Choi said the school pools fund typically offers rates lower than other short‑term borrowing options and that the district’s current budget position makes heavy borrowing unlikely. Each resolution was moved and seconded and carried on recorded roll calls. The vote record in the meeting transcript shows members voting “Aye” during each roll call; the clerk attested to the actions and minutes. No additional spending was authorized tonight beyond the approvals of procedural resolutions; the board did not adopt any new policy changes tied to these delegations.