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Camden schools propose $1 million working-cash transfer to cover O&M shortfall; public hearing set for Sept. 15
Summary
District administration told the board the operations & maintenance (O&M) fund ended the year about $307,000 in the red and recommended a $1 million transfer from the working cash fund; the board agreed to pursue the legally required public hearing and attorney-reviewed resolution with a target public hearing and approval on Sept. 15.
District officials told the Camden Board of Education that the operations and maintenance (O&M) fund closed the year with a negative balance of about $307,000 and recommended using working cash to restore the fund.
Assistant superintendent Doctor Bogan said the district’s working cash fund currently holds approximately $2,300,000, which has been built up over several years. To address the O&M deficit and to avoid repeated short-term transfers, she recommended the board consider a $1,000,000 transfer…
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