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Policy committee reviews budget‑transfer policy and non‑lapsing account language; defers final action pending board of finance input
Summary
Committee discussed edits to the board budget procedures and line‑item transfer policy, including language on quarterly reporting, who to notify for transfers and the addition of an unexpended (non‑lapsing) fund; members agreed to wait for Phil’s meeting with the Board of Finance before forwarding the policy for a first read.
The committee examined proposed revisions to the district's board budget procedures and line‑item transfer policy, focusing on quarterly reporting language, the notification chain for transfers and inclusion of a non‑lapsing (unexpended) fund.
Phil (finance staff) described the main changes: the addition of an unexpended fund provision and edits to the language about budget reporting frequency. Phil recommended preserving the prior phrase “at a minimum” when referring to financial…
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