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Board approves claims totaling $7.45 million, moves $1 million to rainy day fund and authorizes monthly education-to-operations transfers
Summary
The board approved payrolls and claims totaling $7,449,950.29 for the period, authorized a $1,000,000 transfer from operations to the rainy day fund (raising it to $4.5 million), and approved a resolution authorizing up to $409,000 monthly transfers from the education fund to operations for calendar year 2026.
The Lebanon Community School Corporation on Aug. 19 approved payrolls and claims, authorized transfers to the rainy day fund and approved a standing resolution to transfer funds from the education fund to operations for calendar year 2026.
Assistant Superintendent for Business and Operations Mr. Dennis asked the board to approve three payrolls (including payrolls dated 07/18 and 08/15) totaling $2,152,151.88 and claims for the period that included construction payments, bringing the claims total to $5,297,798.41…
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