Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Asb Funds Transfer topic
No spam. Unsubscribe anytime.
Board approves transfer of Turner Swim Team ASB balance to newly independent club
Summary
The board approved Resolution 3B to transfer remaining Turner Swim Team ASB funds to the club now operating with its own EIN, bylaws and bank account; the auditor-reported balance was stated in the transcript but its numeric formatting appears unclear and is noted in clarifying details.
Cascade School District 5’s board on June 22 approved a resolution to transfer the remaining Associated Student Body (ASB) balance for the Turner Swim Team to the club now operating as an independent organization.
Staff told the board that Turner Swim Club has completed incorporation steps, obtained its own EIN, established a governing board, adopted bylaws and opened a bank account. After consultation with the district auditor, staff recommended transferring the remaining Turner ASB funds to the newly established organization and documenting the approval in the board minutes.
When asked about the amount, staff reported the audited ending balance as stated in the meeting record: "18,300 309 and 91 cents." The presenter said the Turner Swim Club agreed with that figure. The numeric formatting in the transcript appears garbled; the auditor-reported amount should be confirmed in the district's official accounting records.
Board members clarified that the club will operate independently (similar to Cascade Little League and youth basketball), that the district will continue to provide pool access under rental arrangements, and that the district will no longer hold or manage the club’s funds after the transfer. Resolution 3B was read, moved, seconded and approved by voice vote; the transcript records the chair declaring the motion carried but does not show a roll-call tally.
