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Committee approves forwarding $100,000 Fund 46 transfer to full board
Summary
Staff recommended a $100,000 transfer from the general fund into Fund 46 (capital improvements) to begin replenishing reserves; the committee moved and seconded the resolution and agreed to send it to the full board for approval by the end-of-July statutory deadline.
Staff told the committee the budget model supports beginning to replenish the district’s capital improvement fund (Fund 46) with a $100,000 transfer from the general fund and noted that such transfers must be board-approved and completed by the end of July. Staff argued the transfer is modest given the district’s 39% fund balance and that replenishing Fund 46 helps avoid escalating deferred maintenance costs.
Committee member Tammy moved to place the $100,000 transfer on the full board agenda and staff seconded the motion. The committee voiced agreement and directed staff to prepare a resolution for the board; staff noted the transfer is consistent with the Baird model presented earlier.
