England School District board approves resolution to move excess 2000-fund balance to building fund and signs routine payments

The board approved a resolution to comply with Act 11:05 of the 2017 legislative session that authorizes the district to transfer any ending balance in the 2000 funds above $623,000 into the building fund after subtracting categorical and restricted balances, a motion the superintendent recommended and trustees approved.

Board members heard a finance update that the district’s balance is roughly better than a half-million dollars compared with the same day last year and that preliminary figures suggest the district can move funds at fiscal year-end to the building fund. The superintendent and treasurer were authorized to execute transfers consistent with the resolution.

Trustees also approved several payments during the meeting. Motions and approvals recorded in the meeting packet included $8,954.75 to Edminum for credit recovery and related licenses (to be paid from federal funds), a co-op payment of $10,512.45 for special education and preschool (federal funds), and a final yearbook payment of $6,624.78 to Justin’s. The board also approved a Microsoft-licensing renewal with SHI (amount transcribed in the packet as "$5,17.50"). The superintendent and staff confirmed licensing covers staff and student accounts or that purchases come from appropriate district or federal budgets.

Why this matters: The resolution sets a fiscal procedure to move nonrestricted excess into the district’s building fund, a commonly used mechanism to preserve funds for capital needs. The payments approved are routine operational expenses and program licenses; the board noted the source of funds (district vs. federal) when relevant.

The board approved the resolution and the listed payments during the meeting; trustees did not adopt additional budget amendments at this session.