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District 86 board opens hearing and approves interfund transfer to restore fund balances
Summary
The board opened a public hearing on and then approved resolution 25.03 authorizing an interfund transfer to address negative year-end balances in the operations/maintenance and transportation funds; the transfer passed on a 6–0 roll-call vote.
The Hinsdale Township High School District 86 board opened a public hearing on Oct. 9 on a proposed interfund transfer and then approved the authorizing resolution 25.03 by roll-call vote.
Chairing the meeting, the board moved to convene a public hearing on the proposed transfer after the finance committee and the September budget presentation raised that the operations/maintenance and transportation funds ended fiscal year 2024 with negative balances. The motion to open the hearing passed by voice and roll call; the board recorded a unanimous vote to proceed with the hearing.
Chief Financial Officer Stevenson presented the measure, explaining the transfer would be used to restore positive fund balances in the affected funds and that the resolution had been publicly noticed as required. ‘‘Once the board approves this, then we'll go ahead and we'll have the transfer, and that'll be reflected in the financial reports,’’ Stevenson said.
No members of the public offered comments during the hearing, and the board then moved to approve the resolution. Member Ramon moved the approval and Member James seconded. A roll-call vote recorded all members present voting aye and the motion carried 6–0. The board clerk recorded the vote for the meeting minutes.
Board materials indicate the action will be reflected in upcoming financial reports; no amendment or follow-up dates were specified at the meeting.
