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Committee approves year-end budget transfers including roughly $960,000 reallocations
Summary
The committee approved a package of end-of-year budget transfers (described in the meeting as about $960,000) to reallocate funds into transportation, capital equipment and other accounts; the motion passed by roll call.
Staff described a set of routine end-of-year budget transfers totaling roughly $960,000 to move funds into accounts for transportation, capital equipment and operating needs. The presenter said transfers reflect activity such as new vehicle purchases, stabilization contributions and capital equipment needs, and that the net effect remains budget-neutral for the year.
After a brief discussion on amounts and vote thresholds, the committee moved and approved the transfers by roll call. The presenter noted the transfers were part of routine year-end accounting and that finance staff will continue to monitor the district's excess and deficiency certification with the state.
