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Board approves $66,469 transfer into capital maintenance fund
Summary
Trustees authorized a $66,469 transfer into Fund 46 to carry forward available building-improvement funds into the next fiscal year; the motion passed by voice vote.
The Grafton School District board on July 27 approved a transfer of $66,469 into Fund 46 (capital maintenance) to allow unused funds from school and department budgets to be carried forward and spent on future building improvements.
A finance presenter explained the transfer allows departments to reserve funds they cannot spend by June 30 so the money can be applied to planned projects (for example, furniture purchases for a library). The chair asked for a motion and the board moved, seconded and approved the transfer by voice vote.
Administration said the district will formally approve a capital maintenance plan in August for 2026-27; this July transfer carries eligible dollars back to the prior year for use under Fund 46.
