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Board adopts Resolution 2413 to authorize temporary cash‑flow transfers between funds
Summary
Trustees adopted Resolution 2413, a routine annual authorization allowing the district to temporarily borrow between funds (e.g., development fees to general fund) to manage short gaps caused by the timing of property‑tax receipts. The public hearing was opened and closed with no comments.
The Roseville Joint Union High Board of Trustees adopted Resolution 2413 after a brief presentation explaining the district may, on occasion, temporarily transfer cash between funds to manage short‑term timing differences in property tax receipts.
Staff described the measure as a routine annual housekeeping resolution that "allows us to borrow from fund 25 like developer fees or some other fund" for short periods when cash in the general fund is low due to the county’s property‑tax posting schedule. Staff said the county treats district funds as a whole and often balances entries internally, but the resolution provides required formal authority in case an accounting entry crosses fiscal years.
The board opened and closed the public hearing with no public comment, then approved the resolution by motion and voice/roll call. No immediate transfers were planned; staff said the authorization is precautionary and rarely used.
Board members asked questions about the process and oversight; staff explained the county performs the inter‑fund accounting and the resolution simply enables the district to document short‑term borrowing if needed.
