Griffith Public Schools reports June surplus; board approves annual transfer from education to operations fund

Griffith Public Schools trustees heard a finance report and approved a resolution allowing an annual transfer from the district's education fund to its operations fund at their July meeting.

The district reported that revenue exceeded expenses in June by more than $645,000 and that it received all expected property tax distributions. A staff member said higher education-fund expenditures in the most recent month were driven primarily by retirement payouts and payouts for teachers with more than 100 accrued sick days.

The board approved Resolution 2025-26, described at the meeting as an annual authorization to transfer amounts from the education fund to the operations fund. A board member made a motion and a second; the motion carried after an oral vote with all members answering “Aye.” No roll-call tally was read into the record.

Why it matters: transfers between state-mandated fund categories affect how the district budgets for instruction and operations; trustees said the transfer is an annual housekeeping measure to allow the district to move funds where needed. At the meeting a staff member said the transfer is a routine, yearly action required to maintain budget flexibility.

Discussion and context: Trustees asked no additional questions during the motion. The staff member who presented the finance numbers said property tax receipts arrived as expected and clarified that the unusually high education-fund expenses were tied to contractual retirement and sick-day payout obligations, which were paid into employees’ retirement accounts.

Next steps: The board will include the transfer authorization in its fiscal accounting for the year. No additional studies or external approvals were identified during the discussion.