Board adopts supplemental budget recognizing student investment account funds
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Summary
Directors approved a supplemental budget amendment to recognize Student Investment Account funds; finance staff said the action merely adjusts previously budgeted amounts and does not represent new discretionary funding.
The North Wasco County SD 21 Board of Directors approved a supplemental budget resolution to recognize Student Investment Account funds and adjust appropriations previously set in the adopted budget.
Chief Financial Officer Mr. Anderson told the board the resolution reflects recognition of grant amounts that were not finalized when the board adopted the budget last June. “It really isn't new money to spend,” he said, adding that staff expects this to be the last significant budget adjustment tied to that grant round.
Director Nelson moved to approve the resolution (cited in the meeting as resolution 24 5 11). The motion was called and approved by voice vote; the transcript records an aye response and no opposition but does not provide a roll-call tally or the name of a seconder.
Finance staff said the adoption may lead to internal transfers of appropriations but does not create new program spending beyond the grant’s intended uses. The CFO also flagged enrollment variance as an item staff will continue to monitor and, if needed, adjust in future budget updates.
The board received the financial report packet that accompanies the resolution; staff noted some items remain under review and that final appropriation transfers may be brought forward later if necessary.
