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Consultant outlines Fund 46 option for capital projects; board to consider resolution next month
Silver Lake J1 School District Board of Education · October 22, 2024
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Summary
A consultant advised the board on creating a Fund 46 capital-project account that requires a resolution, a separate account and a five-year hold before spending; he recommended a small seed deposit and returning with a resolution for a vote next month.
Tony Stonehacker presented an overview of a 'Fund 46' capital-project fund and recommended the board consider creating the account at a future meeting.
Stonehacker told the board three steps are required to establish Fund 46: approve a resolution, deposit funds into a separate bank…
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