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Agenda lists resolution to abate Working Cash Fund and transfer bond proceeds to capital projects
Summary
The board agenda includes a resolution (4.B) to abate the district's Working Cash Fund and move bond-process funds into operations and maintenance with subsequent transfer to the capital projects fund, citing ISBE rules; the agenda lists the item but not vote results.
The Palos Heights SD 128 June 11 agenda (item 4.B) describes a resolution abating the district's Working Cash Fund to allow transfer of bond-related proceeds to the operations and maintenance fund and then to the capital projects fund in accordance with Illinois State Board of Education (ISBE) rules. The entry frames the action as an accounting/financial transfer mechanism to align bond proceeds with capital project accounting.
The agenda does not include a recorded vote, mover/second, or detail on amounts involved. The item appears under Old Business for board consideration; documentation or board minutes would be needed to confirm adoption and the fiscal amounts affected.
