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Board transfers $1,557,351 from O&M to Debt Service to cover FY26 bond payment
Summary
Trustees approved a resolution moving $1,557,351 from the Operations and Maintenance Fund to the Debt Service Fund to cover FY26 bond principal of $1,255,000 and interest of $302,351.
The board adopted a resolution approving the transfer of $1,557,351 from the Operations and Maintenance Fund to the Debt Service Fund to cover FY26 bond obligations: $1,255,000 in principal and $302,351 in interest. The motion (Mr. Kosenesky; second Mrs. Bryck) passed unanimously on roll call.
Board materials presented the transfer as a routine cash-management step to ensure bond payments are funded for FY26. Trustees recorded no dissent; the minutes show the transfer amount and the principal/interest split as the substantive details of the resolution.
