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District flags high accounts‑payable month, plans $400,000 transfer from capital to general fund
Summary
The board was told accounts‑payable is high this month—largely insurance—and administrators said they will likely transfer about $400,000 in SRS funds from Capital Projects into the General Fund to cover bills.
During reports to the Stevenson‑Carson School District Board on Oct. 23, business office staff told the board that accounts‑payable totals were unusually high this month, mostly because of insurance payments. To cover obligations the district indicated it will likely reallocate SRS funds from Capital Projects to the General Fund—an estimated transfer of roughly $400,000.
The minutes state that the transfer is the most likely course to ensure the district can meet current obligations; no formal motion to transfer funds was recorded in the minutes during the Oct. 23 meeting. The board approved the consent agenda that included warrants and payroll vouchers (General Fund vouchers 123373–123392 totaling $49,580.43).
