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Board weighs depreciation funds, general fund and loans amid audit caution
Summary
Board and staff said the district has roughly $483,000 in a bus-related account and discussed using depreciation funds for certain purchases, general fund for others, or a local loan; members cautioned about audit risk and the need to document approvals.
Staff (Speaker 3) walked the board through the district's bus-related balances and how different payment mechanisms would affect replacement timing. The staff estimate for the bus-depreciation line was roughly $483,000; purchasing a $190,000 yellow bus would leave about $293,000 if no other purchases were made, a calculation members used to evaluate next steps.
Members emphasized compliance: Chair (Speaker 1) warned that improper use of bus funds could trigger an audit and a repayment obligation to the state, saying the board has "errored on caution" in past transactions and that they document decisions via email. That caution shaped the group's inclination to sequence purchases conservatively and confirm allowable uses of depreciation funds before committing.
