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Board authorizes acceptance of large grant, citing policy requirement
Summary
CFO presented a grant requiring board approval because it exceeds $150,000 and includes underlying state debt; the board approved Resolution 25-26-07 to accept the grant and authorize the grant agreement by unanimous vote.
CFO Jessica Sitt told the board that a recently awarded grant requires board approval because it exceeds the district's $150,000 policy threshold and carries underlying state debt that also requires authorization.
Sitt said the grant document and a resolution were provided to board members earlier in the week. Vice Chair Irvin moved to approve Resolution 25-26-07 to accept the grant award and authorize the grant agreement; Director Miles seconded. The motion was carried unanimously.
The CFO noted that board policy requires formal acceptance of all new grants exceeding $150,000 and that state authorizing steps are needed because of the grant's debt component. No additional details about the grantor or programmatic conditions were discussed in the public presentation beyond the policy and approval requirement.
