Board approves transfer to capital fund for Wenatchee Valley Technical Skills Center
Loading...
Summary
The board approved Resolution 0226 to transfer general-fund dollars to the capital projects fund to allow the district to pay construction costs for the Wenatchee Valley Technical Skills Center and await state reimbursement; motion was moved by Julie and seconded by Caroline and passed by voice vote.
The Wenatchee School District Board of Directors voted Jan. 27 to approve Resolution 0226, a transfer of funds from the general fund to the capital projects fund to support the Wenatchee Valley Technical Skills Center.
Julie moved the resolution and Caroline seconded. During discussion board members clarified that the transfer is a temporary cash-management move to allow the district to draw down funds to pay construction costs while waiting for state reimbursement.
One board member explained the financing purpose plainly: "This is not — we're not spending district money. This is... a placeholder until the state pays us back," noting the district expects reimbursement after drawing down capital funds. The motion passed by voice vote and the president announced, "Motion carries." The board did not amend the resolution at the meeting.
Why this matters: The transfer allows the district to meet near-term capital cash-flow needs tied to construction of the Wenatchee Valley Technical Skills Center while preserving the district’s intent to be reimbursed by the state.
