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Hemingford board approves $650,000 in interfund transfers
Summary
Trustees approved transfers of $150,000 to the School Nutrition Fund, $150,000 to the Activities Fund, $150,000 to the Employee Benefit Fund and $200,000 to Depreciation; motion passed 5-0.
A motion by Brett Cullan to transfer funds among district accounts passed unanimously at the Aug. 10 meeting. The approved transfers allocate $150,000 each to the School Nutrition, Activities and Employee Benefit funds and $200,000 to the Depreciation Fund, for a total of $650,000.
The motion was seconded by Justin Ansley and passed by roll call (Ansley, Cullan, Horstman, Randolph and Schumacher voting aye; Votruba absent). The minutes do not record further discussion or the specific intended uses for the transferred amounts.
