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Decatur ISD delegates limited transfer authority, approves year-end amendment
Summary
Trustees approved a year-end budget amendment Aug. 21, 2025, authorizing administration to transfer up to $100,000 from function 34 or 51 for audit adjustments and to set budget figures for any 2024–25 refunding or defeasance based on closing documents.
The board approved a year-end amendment on Aug. 21, 2025 that delegates limited authority to district administration to make technical transfers and to set budget amounts tied to refunding or defeasance transactions. The motion, made by Trustee Sandra Schneider and seconded by Trustee Cynthia Alvarez, passed unanimously 6'0'0to'00.
Specifically, the board authorized administration to transfer up to $100,000 from function 34 or function 51 as needed for audit adjustments or unanticipated expenses, and to set budget amounts for any 2024'25 refunding and/or defeasance equal to closing and related transaction documents. The amendment clarifies administrative flexibility for end-of-year accounting and debt-closing formalities.
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