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Board approves routine fiscal resolutions, cash transfers and master contracts
Summary
The Hermosa Beach City School District board approved year-end appropriation transfers, a temporary interfund borrowing resolution and authorization for cash transfers for 2026-27, and approved a master contract with Learn Academy for agency services.
During the June 10 meeting the Hermosa Beach City School District approved several routine fiscal and contract items intended to manage cash flow and maintain operations.
Staff presented a year-end appropriation transfer to allow county auditors to make necessary transfers between funds to close out the 2025-26 fiscal year. The board also approved a temporary interfund cash-borrowing resolution (listed in the agenda as Resolution 182526) that would let the district temporally borrow between funds to cover timing differences in receipts and expenditures and a separate authorization to transfer funds among designated accounts for the 2026-27 fiscal year to keep capital and construction projects on track.
The board approved a master contract with Learn Academy to provide nonsectarian agency services to district schools. These items were presented as compliance and operational measures; the meeting transcript records approval with motions and "all in favor" but does not provide an itemized roll-call tally in the audio record.
