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Finance committee approves resolution allowing year‑end budget transfers for audit
Summary
The committee approved a standard resolution permitting administrators to record budget transfers during the audit so auditors can produce accurate budget‑to‑actual comparisons; staff said the transfers do not change total budgeted amounts.
The finance committee approved a resolution that allows the district to book budget transfers between major objects or functions during the audit process to facilitate a clearer budget‑to‑actual comparison. Miss Hauser summarized the intent: “So we are not changing the budget. We're just moving it either between major object or major function.” The treasurer characterized the entry as a standard annual procedure.
Committee members supported the resolution as a routine part of audit preparation and the motion passed on a voice vote. Staff said these transfers are an administrative step to align accounting buckets for auditors and do not alter the district's overall budgeted totals.
