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Board approves intra-fund transfers and authorizes $1.8M tax anticipation note
Summary
Directors approved a resolution transferring appropriations within the local grant fund and authorized a $1.8 million tax anticipation note to manage seasonal cash flow; finance staff said the TAN net cost is roughly $40,000 and a May state school fund adjustment should improve the year-end position.
The board approved two finance items brought forward by district finance staff: an intra-fund transfer within the local grants fund (Resolution 25.610) to correct an accounting variance, and a resolution authorizing a tax anticipation note (Resolution 25.2609) for up to $1.8 million to address…
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