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Committee approves year-end budget-transfer resolution for audit
Summary
Finance staff described a routine resolution allowing year-end budget transfers during the audit to align budgeted categories with actuals; the committee voted to carry the resolution to the action meeting.
Administration presented a resolution permitting staff to record year-end budget transfers during the audit to align budget categories with actual results. The treasurer described the entry as a standard annual procedure used during audit preparation.
The committee moved and seconded the item and voted to carry the resolution to the action meeting for formal approval.
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