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Board accepts May financials, approves $1.36 million in bills and authorizes year-end reserve transfers
Summary
At its June 17 meeting the Union Township Board accepted May financial reports, approved the May bill list totaling $1,363,232.99 and authorized potential year-end transfers into capital and maintenance reserves (up to $2,000,000 and $750,000, respectively).
The Union Township Board of Education on June 17 accepted monthly financial reports and ratified payments for May totaling $1,363,232.99.
Finance Committee Chair John Malone presented the Board Secretary's and Treasurer's reports for May 2026 and the board approved a motion accepting those reports (F1). The board also ratified the May bill list (F3) in the amount of $1,363,232.99. The minutes state that the business office will continue to certify budget availability prior to any expenditure.
As part of routine year-end procedures, the board authorized potential transfers into reserve accounts: up to $2,000,000 into a Current Expense Capital Reserve account and up to $750,000 into a Current Expense Maintenance Reserve, subject to final availability and compliance with applicable statutes (F7). The motions were approved by roll-call vote; the minutes indicate "Motion carried" but do not provide per-member vote counts.
