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Board authorizes transfers of up to $250,000 and $350,000 from reserve funds to general fund
Summary
The Windham-Ashland-Jewett board authorized transferring up to $250,000 from its Unemployment Reserve Fund and up to $350,000 from its Liability and Casualty Reserve Fund into the General Fund to cover budgetary appropriations.
At the May 20 meeting, the Windham-Ashland-Jewett Central School District Board approved two reserve-fund transfers intended to be applied to General Fund appropriations. The board authorized a transfer of up to $250,000 from the district’s Unemployment Reserve Fund and a transfer of up to $350,000 from the Liability and Casualty Reserve Fund.
The transfers were adopted as part of the consent agenda and were approved in the same motion that carried routine matters and personnel items. The consent package was approved on a motion by Melissa Maldonado, seconded by Heidi Schwarz; recorded yes votes were Alan Trinkle, Loni Koument‑Holdridge, Jean Jaeger, Melissa Maldonado and Heidi Schwarz. The minutes record the amounts explicitly: $250,000 and $350,000.
