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Board approves transfers to reimburse completed capital projects totaling roughly $737,487
Summary
The Regional School District 13 board voted Nov. 12 to transfer completed-project funds from the capital reserve into the general fund for two finished projects: a fire‑sprinkler/pump expense and a Picket Lane culvert audit adjustment. The director of finance gave the budget context before the voice vote passed.
The board approved a motion to transfer funds from the capital reserve into the general fund to reimburse completed capital projects.
Director of Finance Kim told the board that the district is 28.5% expended through October, with roughly 97.5% of the budget encumbered and 32% of revenue received. Kim recommended transferring the finished‑project balances into the general fund for two projects: the fire‑system work and the Picket Lane culvert final audit adjustment.
A motion was made and seconded to approve transfers; the amounts discussed and read into the motion were $148,775.92 and $588,711.43. Board members discussed how building‑committee value management and a grant contribution helped reduce costs on the projects. The motion passed by voice vote.
What the board recorded: the transfers were approved to reimburse completed projects; there were no roll‑call vote tallies recorded in the meeting transcript.
