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Board approves recommending $30,000 transfer from interest revenue to cover aid shortfall
Summary
The board approved recommending that $30,000 in interest revenue be moved to cover part of the school’s projected aid shortfall and forwarded the adjustment to the county finance committee.
At the July 22 meeting, the board voted to recommend transferring $30,000 from investment/interest revenue to offset part of Lakeland School’s projected aid shortfall. Matt requested the transfer and said the item will go to the finance committee for formal action.
The motion passed by voice vote; the clerk recorded the board’s recommendation to forward the request to the county finance committee. No roll-call tally was recorded in the transcript. Matt described the transfer as a short-term adjustment while staff continue to monitor fund balances and seek DPI data to refine projections.
