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Lebanon board approves $600,000 budget transfer and hears Seven Oak seismic project update
Summary
The board approved resolution 2649 to transfer $600,000 between budget functions to keep appropriations within limits, and staff reported the Seven Oak seismic project’s construction is being pushed to summer 2027 after GMP issues; state school fund reconciliation and strong investment earnings were also discussed.
The Lebanon Community School District Board approved a budget adjustment and received updates on capital projects and state funding reconciliations during its April meeting.
Budget action: Business/finance staff requested and the board approved resolution 2649 to transfer $600,000 from the 1000 function in the general fund to the 2000 functions to keep those functions within appropriations. The motion was moved, seconded and approved by voice vote. The board also approved a request to allocate additional reserve funding in the district’s internal service…
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