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Lindop board approves $3.2 million working cash transfer for FY2026
Summary
The board approved transferring $3,200,000 in a Working Cash Abatement to Operations and Maintenance, with authority to transfer funds into Capital Projects, during its July 22 meeting as part of the tentative FY2026 budget discussion.
During presentation of the tentative FY2026 budget the district’s CSBO outlined fund accounts and operating/non-operating funds. The board then approved a motion to transfer a Working Cash Abatement of $3,200,000 to Operations and Maintenance, with authority to transfer any portion of those funds into Capital Projects as necessary. The motion was made by Ms. Johnson and seconded by Mr. Dawson and carried on a voice vote.
The minutes include the transfer amount and the board’s approval language; no further breakdown of how the funds will be allocated within O&M or capital projects was provided at the meeting.
