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Board creates Capital Projects Fund, authorizes $1 million transfer from General Fund
Summary
Trustees approved a resolution establishing a Capital Projects Fund and authorized a $1,000,000 transfer from the General Operating Fund to the Capital Projects Fund (625). The motion passed 6–0 with one absence.
The Santa Fe ISD Board voted to establish a Capital Projects Fund and authorized a transfer of $1,000,000 from the General Operating Fund to Capital Projects Fund (625). James Grassmuck moved the resolution and Clay Hertenberger seconded; the motion passed on a 6–0 roll-call vote with Angie Lambert absent.
The minutes record the transfer amount and the creation of the fund but do not specify individual capital projects or a timeline for expenditures. The authorization moves $1,000,000 into the dedicated capital account; the business office is the likely implementing unit for subsequent project planning and reporting.
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