Board approves $850,000 shift to permanent improvement fund and other transfers
Summary
The Board approved Treasurer recommendations including a transfer of $850,000 from the General Fund to Permanent Improvement and a $100,000 transfer to Termination Benefits, along with new class and connectivity funds; forecast to be finalized in August.
During the July 27 meeting the Blanchester Board of Education approved Treasurer Alleyn Unversaw’s recommended transfers after reviewing cash summaries and cash-flow reports.
The Board voted to transfer $850,000 from the General Fund (001-0000) to Permanent Improvement (003-0000) and $100,000 from the General Fund to Termination Benefits (035-0000). The Board also approved transferring the remaining balance from Class of 2026 (200-9026) to Class of 2027 (200-9028), the creation of a new fund for Class of 2028 (200-9028), and establishment of an OneNet Connectivity fund (451-9027). The district forecast will be finalized at the August board meeting.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
