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Board approves resolution to transfer capital project funds to debt service
Summary
Illini Central trustees approved a resolution authorizing a transfer from Capital Projects to Debt Services during their Sept. 18 meeting; the vote was unanimous 6-0.
The Illini Central CUSD 189 Board of Education approved a resolution authorizing a transfer of funds from the district’s Capital Projects fund to the Debt Services fund at the Sept. 18 meeting. Trustee Kent Renken moved the resolution and Nancy Robertson seconded; the roll call recorded unanimous "aye" votes and the resolution passed 6-0.
The minutes do not specify the dollar amount transferred. The motion directs district financial staff to move the authorized funds in accordance with district accounting practices and applicable state reporting requirements.
