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Kewanee board approves two Working Cash Fund abatements totaling $395,000
Summary
The Kewanee CUSD 229 board voted unanimously March 16 to abate $80,000 from the Working Cash Fund to the Capital Projects Fund and $315,000 to the Building Fund; minutes do not specify detailed allocations.
The Kewanee Community Unit School District No. 229 Board of Education on March 16 approved two resolutions abating portions of the district's Working Cash Fund and permanently transferring the funds into capital accounts.
Superintendent R. Baney recommended the measures. The first resolution abated $80,000 from the Working Cash Fund and transferred it to the Capital Projects Fund; Member Christiansen moved to approve and Member DeBord seconded. The second resolution abated $315,000 and transferred it to the Building Fund; Member Salisbury moved and Member Dev seconded. Both measures passed on unanimous roll-call votes.
The meeting minutes record the amounts approved and the unanimous votes but do not provide additional detail in the minutes about how the district intends to use the transferred funds or specific project allocations. The motions were recorded as approved on the March 16 meeting date.
