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Treasurer reports cash flow; board approves federal transfers and creates restricted funds
Summary
The treasurer reviewed cash and cash flow reports; the board approved multiple transfers between federal grant programs (Title II-A and IV-A to Title I) and established new restricted funds required by the Ohio Auditor of State (examples: 001-911X DPIA; 001-915X CAREER TECH).
Treasurer Alleyn Unversaw presented financial reports to the board including the cash summary, checks written and cash flow to forecast reports. The board approved transfers from Title II-A to Title I ($3,537.70 in May; $3,558.38 in June) and from Title IV-A to Title I ($2,057.43 in May; $2,069.46 in June) as recorded in the minutes.
The board also approved creation of several new restricted funds as required by the Ohio Auditor of State to track restricted general fund dollars, including codes created for DPIA (001-911X), CAREER TECH (001-915X), GIFTED (001-916X) and STUDENT WELLNESS & SUCCESS (001-918X). These transfers and fund codes were approved during the Treasurer's report and recorded in the appropriation documents.
