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Board Transfers $136,004 From Debt Service Fund to Education Fund
Summary
The Board approved an annual transfer of $136,004 in interest earnings from the Debt Service Fund to the Education Fund as recommended by the Assistant Superintendent.
Assistant Superintendent Dr. Kristin Smetana recommended the annual transfer of interest earnings totaling $136,004 from the Debt Service Fund to the Education Fund; the Board approved the transfer on June 9 (Resolution #15285).
The resolution was moved by Lorena Gasca and seconded by Nicholas Novak and passed with aye votes from all members present; Mr. Williams was absent. The action will shift reported interest earnings into the district’s Education Fund for FY27 budgeting and reporting.
