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Board approves $153,567.49 transfer to close 2016/2019 bonds
Summary
Trustees approved transferring $153,567.49 plus interest from the 2016/2019 Debt Fund to the 2020/2023 Debt Fund to close the 2016/2019 bonds; motion passed 7–0.
The board approved an administrative recommendation to transfer $153,567.49 plus accrued interest from the 2016/2019 Debt Fund into the 2020/2023 Debt Fund, enabling closure of bonds paid in full from 2016 and 2019. The motion was made by Joel Schraw and seconded by Jill Towne-Patton and passed unanimously.
Minutes record this as an administrative recommendation; trustees recorded no abstentions or negative votes. The transfer will be processed by district finance staff to reflect the paid-in-full status of earlier bonds and to consolidate debt fund balances.
