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Board authorizes multiple fund transfers including $300,000 from capital outlay to general fund

Stanley County School District 57-1 Board · June 3, 2025
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Summary

The board approved three resolutions transferring $31,292.85 from the Enterprise Fund to the General Fund (Resolution 5‑2025), $300,000 from Capital Outlay to the General Fund (Resolution 6‑2025), and $20,000 from Impact Aid to Food Service (Resolution 7‑2025).

The board approved a trio of financial resolutions during the meeting. Resolution 5‑2025 authorized a transfer of $31,292.85 from Fund 53 (Enterprise) to Fund 10 (General Fund) to clear gold-program funds that auditors recommended reclassifying. Chair read the resolution and the motion carried by voice vote.

The board also approved Resolution 6‑2025 to transfer $300,000 from Fund 21 (Capital Outlay) to Fund 10 (General Fund); staff said another transfer may occur in June aligned with county payments. Finally, Resolution 7‑2025 moved $20,000 from Impact Aid (Fund 27) to Food Service (Fund 51) because the food service program is running a deficit—board members discussed rising food costs and plans to push free-and-reduced lunch applications to capture additional aid. All transfers were approved by voice vote.