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School committee approves FY21 closeout transfers, moves special revenue into general fund
Summary
The committee approved a series of fund transfers to close out FY21, including a $300,000 transfer to maintenance and smaller reallocations between instructional and administrative lines; a motion to move special-revenue balances (Medicaid and interest) into the general fund was also approved after clarification.
During the business-office portion of the July 12 meeting, district business staff reviewed a preliminary FY21 closeout projection and recommended several transfers to balance fund groupings ahead of certification.
Business officer Matt Aaronworth explained the estimate underpinning the green E&D line and the timing of certification next January, and walked the committee through recommended moves. The committee approved a motion to transfer $300,000 from the 3000-series (other student services) to the 4000-series (maintenance). Members then approved a motion to transfer $15,000 from the 2000-series instructional account to the 1000-series administration and $5,000 from the 2000-series to the 5000-series for benefits and leased equipment; both motions passed by voice vote.
The committee also moved and approved a transfer of special-revenue fund balances into the general fund, with the transcript naming Medicaid ($122,081) and interest ($1,894) as line items discussed. The business officer explained small rounding and recording discrepancies and said transfers would be reconciled in the system and reflected in certified E&D next January.
Committee members asked clarifying questions about how interest was being allocated and whether small differences would affect the district’s overall balances; staff said minor cents-level differences would be absorbed and that the transfers were routine closeout bookkeeping.
