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District finance chief presents Budget Amendment/Transfer No. 8 totaling $165,546.69, 0.02% of budget
Summary
Thomas Kranz, the district chief financial officer, reported a budget amendment and transfers totaling $165,546.69 that increase the district appropriation from $816,972,787 to $817,138,328 (a 0.02% change). The board received the explanation that these routine adjustments reflect new revenue recognition and reallocations between budget lines; no
Thomas Kranz, chief financial officer for Winston‑Salem/Forsyth County Schools, presented Budget Amendment and Transfer No. 8 at the Board of Education meeting on March 4, describing routine adjustments that together total $165,546.69.
Kranz said the amendment increases the district’s total appropriated budget from $816,972,787 to $817,138,328 — an increase he characterized as 0.02% of the district’s total budget. He explained the purpose of amendments and transfers is to recognize new revenue when it is received and to reallocate spending lines as needed (for example, moving money from a rental and supplies account to pay for new computer software or aligning budgets ahead of future expenditures). “The amendments you see are typical... new money comes in, that money has to be appropriated,” Kranz said.
Board members did not ask follow‑up questions during the brief presentation and the item did not generate extended discussion. Kranz invited questions and noted that transfers are also used to align future spending with the correct budget lines.
Details provided in the presentation: - Amendment/transfer total: $165,546.69. - District budget before: $816,972,787. - District budget after: $817,138,328. - Percent change: approximately 0.02% of the total budget.
The presentation concluded with no further discussion recorded in the transcript; the board proceeded to action items after the finance report.
