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Board reviews VTX1 capital credits totaling about $1.52 million and fund integration
Summary
Business Manager Leonel Olivarez told trustees that VTX1 capital credit deposits total approximately $1,515,674.18 across fiscal years and addressed questions about integrating those credits into the general fund and prior expenditures.
Business Manager Leonel Olivarez presented a historical report on VTX1 capital-credit deposits, reporting a total across fiscal years of approximately $1,515,674.18. He answered trustee questions about how those credits had been used previously, their relationship to the general fund, and implications for A/C unit purchases and fund-balance comparisons.
Trustees discussed options for integrating the capital credits into the district's financial planning. No formal action was taken during the meeting; administration indicated further detail or recommendations would be provided as needed in future budget discussions.
