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Throckmorton Collegiate ISD board approves $938,833 transfer from debt service to operating fund
Summary
At a special Dec. 23 meeting, the Throckmorton Collegiate ISD board voted 6-0 to move $938,833 from the Debt Service (Interest and Sinking) account to the district operating fund; the transcript records no discussion of repayment terms.
The Throckmorton Collegiate ISD board voted 6-0 on Dec. 23 to approve a resolution to lend $938,833.00 from the district’s Debt Service (Interest and Sinking) account to the operating fund. The motion was made by Trustee Cole Clark and seconded by Trustee Whitney Waller; Trustee Terry Lowery was absent.
The meeting record states: "MOTION MADE TO APPROVE THE MOVE OF $938,833.00 FROM DEBT SERVICE ACCOUNT (INTEREST AND SINKING ACCOUNT) TO THE OPERATING FUND ACCOUNT." The transcript does not include further explanation, discussion of purpose, repayment schedule, or conditions attached to the transfer.
Board attendance for the vote was recorded as Brady Ash, Terry Don Barrington, Cole Clark, Sandra Redwine, Whitney Waller and Kena Whitfield voting "Yea." The action was recorded as carried with a 6-0 tally and one absence. The meeting began at 10:00 AM at the New School Building, 210 College Street, Throckmorton, and the board adjourned at 10:05 AM after the vote.
The transcript does not list any public comment, staff presentation, or recorded debate related to the transfer; the motion and vote appear on the special called meeting agenda as the primary substantive action. No fiscal detail beyond the $938,833 amount and account names is specified in the record.
