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Board approves homestead credit waiver transfers and moves funds from education to operations fund
Summary
The board approved a homestead credit waiver transfers resolution to support the operations fund and a separate resolution to transfer about 10% from the education fund to the operations fund; staff noted state law allows transfers up to 15%.
Board staff presented and the Nineveh-Hensley-Jackson United School Board approved two finance actions: a 2026 homestead credit waiver transfers resolution to help offset operations-fund impacts and a resolution to transfer additional amounts from the education fund to the operations fund.
Staff explained that state law permits transfers from the education fund to the operations fund of up to 15 percent; the board's second transfer would bring the district's transfer level to about 10 percent. Board member (S2) moved to approve the funding transfer and the resolution passed by voice vote.
Board members acknowledged the impact on the education fund but said transfers are a common practice among districts to maintain operations. The resolutions were approved unanimously during the meeting.
