Board approves precautionary $129,490 transfer amid invoice uncertainty
Trustees approved transferring $129,490 from Fund 1 to Fund 17 and removing an accounts payable for the same amount, pending clarification about whether the funds are owed to the state. The action is precautionary and intended to protect the district from potential state invoicing.
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At the Aug. 6 meeting the board approved transferring $129,490 from Fund 1 to Fund 17 to be available if the state invoices the district for that amount. The board also approved removing the corresponding accounts payable because staff could not confirm whether the money was owed.
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