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Meeting Date:
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Category:
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Type:
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Subject:
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5.17 DESE Fund 4 Transfer Resolution |
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Comprehensive School Improvement Plan:
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2020 - 2021 Goal B-1 Business Proactively and responsibly manage district growth, finances, and support services to improve student achievement.
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Enclosure:
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File Attachment:
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Summary:
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This will satisfy the DESE requirement to transfer funds from the Incidental Fund (Fund 1) to the Capital Projects Fund (Fund 4). This amount is limited by a DESE calculation (attached). The actual amount transferred will be calculated after the 21-22 books are closed and will be reported to the Board of Education in July 2022. |
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Funding:
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Recommendation
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It is recommended that the Board approve a transfer from Fund 1 to Fund 4 for an amount up to $1,968,363.64 with any amount transferred above the adjusted expenditure to be allocated for furnishing new facilities with an expected expenditure date of December 2024. |
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Approvals:
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Recommended By: |
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Signed By: |
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Vicki Diggs - Secretary to the Board of Education |
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Signed By: |
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Dr. Jay Harris - Executive Director of Operations |
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Vote Results:
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| Original Motion | | Member Bobby Vann Moved, Member Sharon Sherwood seconded to approve the Original motion 'It is recommended that the Board approve a transfer from Fund 1 to Fund 4 for an amount up to $1,968,363.64 with any amount transferred above the adjusted expenditure to be allocated for furnishing new facilities with an expected expenditure date of December 2024.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Sharon Sherwood | Yes | | Buffy Smith | Yes | | Doug Doll | Yes | | Bobby Vann | Yes | | Karen Bryant | Yes | | Shawn Chiddix | Yes | | Mike Matousek | Yes | |
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