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Vincennes school board approves transfer of $131,236 from debt service to operations fund
Summary
The BCSC board approved moving up to $131,236.28 from the debt service fund into the operations fund under the new homestead credit; staff said the Department of Local Government Finance calculation sets the allowable amount.
At its meeting Monday, the Vincennes Community School Corp. board approved a transfer of funds from the debt service fund into the operations fund to reflect the district’s available homestead credit.
A staff member told the board the maximum amount that may be transferred is about $131,236.28 based on a calculation by the Department of Local Government Finance (DLGF). The staff presentation noted shifting available revenue into operations can help district cash flow and support upcoming expenses.
A board motion to approve the transfer was made and seconded and the chair announced the motion carried. The transcript does not include a roll‑call tally for the vote.
