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Floodwood board shifts $100,000 to unassigned fund balance, reassigns $55,000 to technology
Summary
The Floodwood board approved moving $100,000 from an assigned fund balance to unassigned reserves and reassigned $55,000 from bus purchases to technology to address district priorities. Both motions carried unanimously.
The Board of Education approved a $100,000 transfer from the Assigned Fund Balance (B-462) to the Unassigned Fund Balance (B-422) after a motion by Corinne Suonvieri and second by Kellee Young. The motion carried by unanimous voice vote.
In a separate motion, the board approved reassigning $55,000 in the Assigned Fund Balance (B-462) from bus purchases to technology; Tanya Johnson moved the motion and Kellee Young seconded. Both fund changes were recorded as effective immediately in the minutes.
