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Kaneland board approves $1 million transfer to cover operations-and-maintenance deficit
Summary
At its regular meeting the Kaneland CUSD 302 Board of Education approved a permanent $1,000,000 transfer from the working cash fund to the operations & maintenance fund to eliminate a June 30 O&M deficit and provide a buffer for facility needs.
Kaneland CUSD 302’s Board of Education voted unanimously to transfer $1,000,000 from the district’s working cash fund into the operations and maintenance (O&M) fund to address a year‑end shortfall and create a buffer for near‑term facility needs.
Dr. Bogan, who presented the proposal during a public hearing, said, "As of June 30, the O and M Fund had a negative balance of…
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