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Board approves $135,830.66 transfer from building fund to operating fund to cover equipment and vehicles
Summary
The Gravette School District board approved moving $135,830.66 from the building fund to the operating fund to account for equipment and vehicle purchases made in fiscal 2023–24; the change follows auditor review and was described as an accounting reclassification, not a new appropriation.
The Gravette School District Board of Education voted to transfer $135,830.66 from the district’s building fund into the operating fund to cover equipment and vehicle purchases recorded in fiscal 2023–24.
Board members discussed auditor feedback that equipment and some transportation purchases had been coded to the building fund and recommended reconciling the accounting entries so the operating fund reflects those expenditures.…
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