Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the School Finance topic
No spam. Unsubscribe anytime.
Board adopts GASB 54 resolution and approves fund transfer to Building fund
Summary
Trustees adopted the annual GASB 54 resolution and approved a transfer from the Working Cash fund to the Building fund at the June 17 meeting. Both motions passed on roll call with six yes votes and one absence.
The Kings Consolidated School District #144 board on June 17 adopted the annual GASB 54 resolution and separately approved a related transfer of funds from the Working Cash fund to the Building fund. Callie Johnson moved to adopt the GASB 54 resolution (seconded by Danielle Beck); Kyle Osborne moved and Logan Teut seconded the transfer resolution. Both actions passed on roll call with six affirmative votes and one absence.
The minutes record the two required GASB actions—an annual resolution and a fund-transfer authorization—without specifying dollar amounts or the target timing of the transfer. "It was moved by C. Johnson and seconded by D. Beck to adopt the GASB 54 Resolution" and "It was moved by K. Osborne and seconded by L. Teut to adopt the GASB 54 Resolution for the transfer of funds from Working Cash to Building," the minutes state. The board did not record further fiscal detail at the meeting.
