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Committee discusses safeguarding school capital funds in county reserve account
Summary
Members debated how to ensure school-designated capital funds remain available for projects; recommendations included using a county capital-reserve (VIP) account, establishing multiple subaccounts, monthly reporting to both boards, and bringing a status report to the next meeting.
Committee members discussed mechanisms to keep school-designated capital revenue secure and available for intended capital projects. The Chair (S3) asked how to ensure money set aside for items such as a well, playground or buses would not be tapped for other purposes.
S7 recommended depositing extra school revenue in the county capital…
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