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Throckmorton ISD approves lending Debt Service funds to General Fund
Summary
On Oct. 15, the Throckmorton Collegiate ISD board unanimously approved a resolution to lend Debt Service Fund money to the General Fund; the motion passed 7–0 with Brady Ash as mover and Cole Clark as seconder.
The Throckmorton Collegiate ISD Board of Trustees adopted a resolution to move (lend) funds from the district's Debt Service Fund to the General Fund at the Oct. 15 meeting.
Trustee Brady Ash made the motion and Trustee Cole Clark seconded; the motion carried unanimously (7–0). The minutes state the board "Accept the Resolution for the move of money from Debt Service to General Funds" and record that a resolution was signed. The minutes do not specify the dollar amount being moved or the duration of the loan.
The board recorded the vote as unanimous and did not attach a related budget amendment or repayment schedule to the meeting minutes. The minutes list the action under the agenda's action items and show no dissenting remarks.
