Agenda Item
Meeting Date: 7/10/2019 - 7:00 PM
Category: Consent Agenda Items
Type: Action
Subject: Approval of the Resolution Authorizing Transfer of Monies from Operations and Maintenance Fund to Capital Projects Fund
Vision 2022:
Financial & Facilities Management
Continue to ensure a balanced budget that builds and maintains a fund balance that meets Board policy.
Policy: 4.10 - Fiscal and Business Management
Background: At the April 10, 2019 meeting, the Board of Education approved a number of projects to be completed this summer as identified in both the Facilities Master Plan as well as the Capital Facilities Plan. The committee recommended using Operations and Maintenance Fund balance for roofing work at several of our buildings. Therefore, funds are requiring transfer from the Operations and Maintenance Fund to Capital Projects Fund.
File Attachment:
Transfer from OM to Cap Proj.pdf
Summary: In order to complete the transfer, the attached resolution must be approved by the Board of Education.
Funding: There is no cost for this transfer. The transfer is included in the FY 2020 Budget document.
Recommendation: It is recommended that the Board of Education approve the attached resolution authorizing transfer of monies from Operations and Maintenance Fund to Capital Projects Fund.
Approvals:
Recommended By:
Signed By:
Kimberly Funkhouser - Treasurer
Signed By:
Bill Farley - Assist. Superintendent
Signed By:
Jeff Schuler - Superintendent
Vote Results:

Original Motion
Member Ginna Ericksen Moved, Member Chris Crabtree seconded to approve the Original motion 'It is recommended that the Board of Education approve the attached resolution authorizing transfer of monies from Operations and Maintenance Fund to Capital Projects Fund.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0.
The motion Carried 6 - 0
   
Brad Paulsen     Yes
Jim Mathieson     Yes
Chris Crabtree     Yes
Ginna Ericksen     Yes
Susan Booton     Yes
Dave Long     Yes