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Board transfers estimated $2.5M to capital reserve; amendment to split $100K to teachers fails
Summary
The Antigo board approved an estimated $2,500,000 transfer to Fund 46 for capital improvements. An amendment to move $2.4M to Fund 46 and divide $100,000 equally among certified teachers failed 6–3 after debate over timing, legal limits and operational implications.
The Antigo Unified School District Board of Education approved an estimated $2,500,000 transfer from operating funds into Fund 46, the district’s capital-improvement reserve, after discussion about long-term maintenance needs and the timing for capital projects.
Board members described Fund 46 as a designated capital account that requires any expenditures to appear on an approved capital improvement plan before the funds may be spent. Jake (district finance/facilities staff) told members: "Fund 46 is a separate account that we can move non-expended money into at the end of the year. The only way that money can…
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