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Board adopts resolution to transfer funds from Education and O&M funds to Debt Service Fund
Summary
River Trails SD 26 adopted a resolution transferring funds from the Education Fund and the Operations & Maintenance Fund into the Debt Service Fund; the resolution was read into the record and approved unanimously.
The board adopted a resolution authorizing transfers from the Education Fund and the Operations & Maintenance Fund to the Debt Service Fund. President Grimpe called for the motion; Mrs. Louis Camardo moved and Mrs. Kimberly Bianchini seconded the resolution, which passed on a unanimous roll call. The resolution was read into the record during the meeting.
Board discussion framed the action as a routine financial housekeeping step tied to debt service obligations. No dissent was recorded; the board's approval will allow district bookkeeping and debt schedules to reflect the transfers described in the resolution.
