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Board abates $100,000 from working cash fund to tort immunity fund
Summary
The board approved a resolution to abate $100,000 from the working cash fund and transfer that amount to the tort immunity fund; the motion passed unanimously among members present.
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The Cerro Gordo Board of Education approved a resolution to abate the district's working cash fund by $100,000 and transfer the abatement amount to the tort immunity fund at its March 18 meeting.
Member Bebar moved to approve the resolution and Member Runyen seconded. The roll call vote recorded all present members voting in favor. The transcript does not specify how the transferred funds will be used beyond placement in the tort immunity fund.
