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Board approves fund transfers to cover copy machine and construction costs
Summary
The board approved a small annual transfer from the Educational Fund to the Debt Service Fund to cover copy machine payments and an abatement transfer from Working Cash to Capital Projects to help fund construction costs.
At the June 18 meeting the Board approved two separate fund transfers: a routine transfer from the Educational Fund to the Debt Service Fund to pay for copy machines, and an abatement transfer from the Working Cash Fund to the Capital Projects Fund to support construction costs. Both measures passed after brief staff explanation and unanimous votes.
Mr. Gress described the first transfer as a small, annual transaction used to pay for district copy machines. The abatement transfer was presented as a funding step to assist upcoming construction work; the motions were carried without extended debate.
