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Meeting Date:
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5/6/2021 - 7:00 PM
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Category:
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AGENDA
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Type:
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Action
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Subject:
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Transfer of Funds from the Education Fund to the Operations Fund
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NCA/AdvancED District Strategic Plan:
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Enclosure
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File Attachment:
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Summary:
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For the budget year 2021, $4,491,000 was approved for transfer from the Education Fund to the Operations Fund. To date, $0 has been transferred. Mr. Zembala, business manager, will request $2,491,000 be transferred from the Education Fund to the Operations Fund. This will leave a balance of $2,000,000.00 available for transfer through the end of the calendar year.
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Funding:
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Recommendation:
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That the Board approve the transfer as presented and authorize the Treasurer of the School City of Hobart to transfer $2,491,000 from the Education Fund to the Operations Fund.
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Approvals:
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Recommended By:
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Signed By:
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Ted Zembala - Business Manager
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Signed By:
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Dr. Peggy Buffington - Superintendent
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Vote Results:
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| Original Motion | | Member Rikki A. Guthrie Moved, Member Donald H. Rogers seconded to approve the Original motion 'That the Board approve the transfer as presented and authorize the Treasurer of the School City of Hobart to transfer $2,491,000 from the Education Fund to the Operations Fund.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 6 Nay: 0. | | The motion Carried 6 - 0 | | | | | Terry D. Butler | Yes | | Donald H. Rogers | Yes | | Stuart B. Schultz | Yes | | Rikki A. Guthrie | Yes | | Sandra J. Hillan | Yes | | Frank Porras | Yes | |
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