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Santa Fe ISD creates $1 million capital projects fund and approves vehicle purchases
Summary
Trustees authorized a new capital projects fund (Fund 625) and a $1 million transfer to it, and approved purchase of two maintenance vehicles (van and pickup, not to exceed $82,000) to begin a planned replacement cycle for aging assets.
The Santa Fe ISD Board of Trustees voted to create a dedicated capital projects fund (Fund 625) and transferred $1,000,000 from the general operating fund into it to support future capital replacements.
Alex Sanchez outlined the rationale: district buildings, HVAC, buses and vehicle fleets are aging and often fail on a similar schedule after being purchased at once. Sanchez said the new fund would let the district smooth replacements and earmark money strictly for capital projects and major repairs. "We want to create a capital projects fund...and then allow the general fund to transfer $1 million to the fund," he said.
Trustees discussed safeguards and how the fund interacts with bond planning; administration said the resolution restricts use to capital projects described in the resolution and that auditors and TEA will track the fund balance in audits. The motion to create the fund and effect the transfer passed unanimously.
At the same meeting the board approved purchasing two white‑fleet vehicles (a van and a pickup) for maintenance and operations, not to exceed $82,000 total, to begin a replacement cycle. The motion passed unanimously.
What happens next: The district will list eligible projects and develop a replacement cadence for vehicles, HVAC and other capital needs; the capital fund will be reported in annual audits and flagged on TEA reporting as required.
