Plainfield board accepts February financial report; highlights $27.9M cash balance and $439,038 transfer
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Summary
The board accepted the February financial summary showing a $27,880,235 cash balance, a $439,038 transfer from the education fund to operations, and interest income of $57,192; claims 71366–71616 were also approved.
The Plainfield Community School Corp board on March 12 approved the district's February financial summary and moved to pay claims listed in the docket.
During the presentation, Mr. Sierdovich said the education fund is about 16.7% spent after two months and operations was at approximately 15.4%. He reported a $439,038 transfer from the education fund to the operations fund, a cash balance of $27,880,235 at month end and interest income for February of $57,192. He drew the board's attention to several claims, including Jackson Solvents for $26,770 and a Train entry for $99,250 related to ongoing capital work.
Mr. Sierdovich also updated the board on capital projects, saying the Van Buren chiller replacement is in its final stages and expected to finish by the end of the month or in April. The financial summary and fund transfers were approved by voice vote.
Claims 71366 through 71616 were presented and recommended for approval; a board member moved and a second was recorded, and the board approved the claims by voice vote.
The meeting record provided the figures above but did not include a roll-call tally for the votes. Specific departmental impacts or line-item details beyond the amounts cited were not read into the record.
