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Board authorizes $1 million transfer to new Capital Projects Fund
Summary
Trustees approved establishing a Capital Projects Fund and a $1,000,000 transfer from the General Operating Fund to Fund 625 to support capital projects.
The Santa Fe ISD Board approved a resolution June 15 creating a Capital Projects Fund and authorized a transfer of $1,000,000 from the General Operating Fund to the Capital Projects Fund (625).
"I move that we approve a resolution establishing a Capital Projects Fund and authorizes a transfer of $1,000,000 from the General Operating fund to the Capital Projects Fund (625)," said James Grassmuck, who made the motion. The motion was seconded by Clay Hertenberger and carried 6–0 with one absence. The minutes record the specific transfer amount and the new fund number but do not attach a detailed project list to the resolution in the minutes.
The vote was recorded as: John Couch, Eric Davenport, James Grassmuck, Clay Hertenberger, Patrick Kelly and Rusty Norman voting yea; Angie Lambert absent. The minutes reference the resolution language but do not include further allocations or a timetable for individual capital projects.
