Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget Amendment 2425 topic
No spam. Unsubscribe anytime.
Board approves budget amendment and authorizes up to $50,000 inter‑function transfers for current year
Summary
The board approved interim budget measures and budget amendment No. 2 for the 2024–25 year, including language allowing transfers up to $50,000 between functions for the current budget year; officials said the change is to keep the budget compliant at a two‑digit purpose level.
The Cleveland County Board of Education approved an interim budget resolution and passed budget amendment No. 2 for the 2024–25 fiscal year on a 9‑0 vote Monday.
Board members discussed a provision in the amendment that allows transfers of "up to $50,000" between functions with reporting to the board at regular meetings. "Is that for all the time that you can transfer $50,000?" one member asked; staff clarified the authority applies for the current budget year and has been $50,000 in prior years.
Officials said the amendment is a routine year‑end "true up" to align budget balances and that state law requires the district to be compliant at the two‑digit purpose level. The superintendent and finance staff noted the budget is a moving target late in the school year and additional amendments remain possible before fiscal year close.
The board voted 9‑0 to adopt the amendment and the interim resolution after discussion and clarification from staff.
