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Board creates restricted capital reserve (Fund 40) to support facility projects
Summary
The Board approved Resolution No. 24/25‑02 establishing a restricted special reserve fund (Fund 40) with the Colusa County Treasurer for capital outlay projects to separate capital funding from operations.
The Colusa County Board of Education voted to create a restricted special reserve account for capital projects, designated Fund 40. Deputy Superintendent Aaron Heinz explained that the fund will be opened with the Colusa County Treasurer's Office to hold capital outlay dollars separately from general operations.
Why it matters: Fund 40 will allow CCOE to budget, track and report capital expenditures—such as portables, greenhouse relocation, building renovations and site improvements—without commingling funds used for day‑to‑day services. The Board approved the action unanimously on Oct. 9, 2024.
