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Carmel Clay board approves $1.4M transfer to clear textbook rental fund, signs four construction change orders
Summary
The board approved a resolution to transfer $1,400,000 from the education fund to zero out the textbook rental fund (moving textbook purchases to the education fund under recent state changes) and approved four grouped change orders (mostly deduct closeout orders) for several elementary and high-school projects.
The Carmel Clay Schools Board of Trustees approved a resolution authorizing a transfer of $1,400,000 from the education fund to the textbook rental fund so the district can close that account and purchase textbooks from the education fund going forward, a staff member said.
Mr. McMichael explained the transfer is necessary because state policy eliminated the parent-paid textbook rental fee; the state will provide textbook funding to the education fund and the…
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