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Board establishes long-term capital trust (Fund 46), reopens Fund 49 and names account signatories
Summary
The board approved creating Fund 46, a long-term capital improvement trust with a five-year waiting period before funds are spendable, reauthorized Fund 49 for bond proceeds accounting, and authorized district bank signatories including the board president, treasurer, clerk and business office officials.
The Maple School District board voted to establish a long-term capital improvement trust (Fund 46) and to reauthorize Fund 49 for bond proceeds accounting, steps administrators said will prepare the district for planned referendum projects.
Administrator Fletcher described Fund 46 as a tool "to plan for large scale maintenance items" and…
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