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Board approves $9 million transfer from capital reserves to capital fund
Summary
The Board approved a $9,000,000 budget increase to transfer funds from the reserve for capital projects into the capital fund, as approved by voters. The motion was moved, seconded and carried without recorded dissent in the provided transcript excerpt.
At its meeting, the Mamaroneck Union Free School District Board approved a budget increase in the amount of $9,000,000 to transfer funds from the reserve for capital projects to the capital fund, citing voter approval on May 19.
The Chair read the resolution authorizing the transfer and asked for a motion; a board member moved, a second was provided and the Chair called for the vote. The transcript shows the motion and a voice vote on the floor; no dissent was recorded in the excerpted text provided.
The action was presented as part of the Board’s capital-account actions for the fiscal year and appears alongside other reserve-account adjustments on the agenda. The transcript does not include a roll-call tally in the excerpt.
