School board approves $1 million transfer from high‑school fund to interlocal account

The Sidney School Board of Trustees approved a multi‑district cooperative agreement and authorized moving $1,000,000 from the high‑school flex fund to the district’s interlocal fund to pay for summer school and early‑literacy resources.

Superintendent (Speaker 2) told trustees the cooperative agreement allows the high school district to transfer funds to the elementary district and said last year’s summer school cost was about $60,000. “So I recommend to approve the multi district cooperative agreement. And if approved, I'd recommend to approve moving 1,000,000 from the high school fund to the interlocal fund,” the Superintendent said.

The motion to approve the cooperative agreement and transfer was moved, seconded and carried on a voice vote. Chair (Speaker 1) called for those in favor and the board replied in the affirmative; no opposition was recorded.

The Superintendent said the transfer would fund early‑literacy purchases, summer school in 2025, and resources linked to the district’s curriculum‑mapping project. He noted revenue tied to local oil and gas production has declined recently and said the district will monitor receipts before spending the full amount. Board members asked for additional production data from county sources to better assess projected revenues.

The board did not specify an implementation timetable beyond approving the transfer; the Superintendent said staff would follow up with procurement and budgeting details and report back to the board.

The board returned to other agenda items after the vote.