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Board authorizes fiscal-year close transfers including $1.2M to at-risk fund
Summary
Trustees authorized end-of-year transfers and gave staff authority to close the fiscal year, moving roughly $1,202,521 from the general fund to at-risk and other small transfers from LOB and bilingual funds.
The Hiawatha School Board authorized staff to close the 2024–25 fiscal year and approved end-of-year transfers, including a transfer of $1,202,521 from the general fund to the district’s at-risk fund and $330,435.02 from LOB (local option budget) to at-risk. Staff also noted smaller transfers, including $2,984 to a bilingual account sourced from LOB.
District finance staff presented the numbers and asked the board to grant authority to complete year-end transfers; the board recorded the motion and approved the authorization on a 6–0 voice vote.
Board members did not debate the underlying programming of the at-risk funds at length during the settlement discussion; staff said the transfers are part of normal year-end accounting to align budget lines and carry balances into the next fiscal year.
