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Skokie 68 board directs $13 million transfer from working cash to capital projects
Summary
Board approved a resolution directing the Niles Township School Treasurer to transfer $13,000,000 from the working cash fund to capital projects to pay current project costs and start funding the early childhood center project.
The board authorized the Niles Township School Treasurer to partially abate and permanently transfer $13,000,000 from the working cash fund to capital projects. Presenters said the transfer aligns with the board-approved budget and will cover project costs already underway and provide initial funding for the early childhood center project anticipated in spring construction work.
Kenya summarized that the transfer is included in the budget and will pay for current project costs and early-childhood center planning; board members asked clarifying votes and approved the resolution during roll call.
