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Board reviews Trust Lands report as district nears $1M in funds; approves carryover correction
Summary
Board members were briefed that the district is approaching $1,000,000 in Trust Lands funds used by schools and community councils; the board approved documentation to cover a $100,174.60 carryover correction and finalized the prior fiscal year's Trust Lands report.
Ralph told the board the district is approaching about $1,000,000 in Trust Lands revenue that supports school programs and community-council allocations. He reviewed the final report for the prior school year and explained the reporting and planning requirements tied to the funds.
Ralph highlighted one small over-expenditure at Van Dyke High (roughly $134) and said the district will correct that item and finalize the report. Later in the meeting the board moved to accept documentation and to cover a $100,174.60 carryover correction on the Trust Lands report; the motion passed on voice vote and the district will submit the corrected deposit/report to the School Trust Lands website.
Board members praised the funds as important support for classroom and technology purchases and discussed reporting and allowable uses for Trust Lands money. The board approved the administrative correction and closed the agenda item.
