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Lake Zurich board approves $6.2 million interfund transfer and several budget measures
Summary
On Oct. 24 the Lake Zurich CUSD 95 Board approved a resolution to transfer $6,203,331 from the Education Fund to the Operations & Maintenance Fund and passed related appropriations and grant and contract approvals; roll-call votes were recorded for each measure.
At its Oct. 24 meeting the Lake Zurich Community Unit School District 95 Board adopted a series of budget and administrative measures, including a formal interfund transfer and several resolutions the administration said are part of routine fiscal management.
Dean Romano of the district business office described the planned transfer during a statutorily required public hearing as a transfer between the Education Fund and the Operations & Maintenance Fund. Later, the board voted to adopt a resolution authorizing an interfund transfer of $6,203,331 from the…
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