Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budgeting Finance topic
No spam. Unsubscribe anytime.
Board approves appropriation transfer to clear overspend tied to sick‑leave bank distributions
Summary
The board approved Resolution 26 2 0 3 to move funds and correct an overspent appropriation line in fee‑supported funds arising from payments made from a long‑standing sick‑leave bank; staff said $123,900 was paid in December and the year‑to‑date overspend appeared as roughly $28,000 on the All Funds report.
At the Jan. 21 meeting the board approved an appropriation transfer resolution to address an overspent appropriation line in fee‑supported funds that resulted from distributions from a historical sick‑leave bank.
Finance staff explained that payments and related payroll costs made in December totaled about $123,900, and that the All Funds report showed an over‑expenditure of roughly $28,000 year‑to‑date on a support‑services appropriation line. The district and the Redmond Education Association had formed a committee and negotiated a plan for disposition of the remaining fund balance; a portion of the district’s matching contributions will be earmarked for tuition reimbursement for licensed employees.
Board action: A motion to approve Resolution '26 2 0 3' was made and seconded and the board passed the resolution unanimously. Staff said the transfers move contingency into the appropriate general‑fund line and record the payments already made.
Why it matters: The action corrects accounting for payments already issued, aligns fund balances with negotiated agreements and earmarks funds for tuition reimbursement for licensed employees as previously agreed with the bargaining unit.
