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Board approves transfer of funds to capital Fund 46 to cover planned projects
Summary
After a year-end finance review, the board approved a motion to transfer funds to Fund 46 (motion recorded on the floor as $475,246) to support planned capital projects; administration will record and implement the transfer.
The business officer presented year-end financials and recommended a transfer to capital Fund 46 to support ongoing projects, including a mechanical-room project referenced as planned for Fund 46. The administration recommended approximately $475,000; on the record a motion was moved for a transfer of $475,246 to Fund 46 and the motion was approved by voice vote.
The presenter noted that the district has about $10 million of anticipated projects over the next ten years and that the recommended transfer would support planned work and improve the district's revenue-limit worksheet for the fiscal year. Board members asked clarifying questions about the split of options and next steps; the motion passed without a recorded roll-call tally on the transcript.
Administration said it will return with follow-up financial details and that the West boiler-room mechanical project is expected to be funded from the referenced capital fund.
