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Board authorizes temporary interfund transfers for accounting flexibility
Summary
The board adopted Resolution 26-22 authorizing temporary interfund transfers to provide accounting flexibility while staff zeroes out and then restores fund balances during budget transitions. The item was moved, seconded, and approved by voice vote.
Trustees voted to adopt Resolution 26-22, which authorizes standard accounting procedures to allow temporary interfund transfers while district staff reshuffles fund balances during budget close-out and startup. A trustee moved adoption and the board approved the resolution by voice vote.
The presentation described the measure as an administrative accounting tool that permits temporary movement of funds and requires staff to keep records and return balances when appropriate. The motion was presented as a routine step to avoid more creative—and potentially confusing—accounting work when closing and reopening funds.
The board approved the resolution without debate and asked that the action be placed on the record as approved.
