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Board approves using facilities fund to cover maintenance staffing to preserve general fund
Summary
Trustees approved transferring part of the school facilities (Fund 435) balance to cover maintenance staff salaries and benefits this fiscal year to stabilize the general fund and avoid an immediate levy increase; staff explained statutory 'waterfall' uses and anticipated continued use for planned facilities projects.
The Moscow School District Board of Trustees voted March 25 to authorize the use of school facilities fund (Fund 435) resources to pay maintenance staff salaries and benefits for the current fiscal year, a move district staff said will protect the general fund balance and postpone any immediate levy increase.
District staff explained the statutory "waterfall" that governs school facilities funds and said the district has been using the fund conservatively; once bond obligations are met, remaining Fund 435 resources…
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