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Meeting Date:
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12/19/2024 - 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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AUTHORIZATION: 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 2024, $5,936,055 was approved for transfer from the Education Fund to the Operations Fund. To date, $3,875,000 has been transferred. Mr. Glover, Business Manager, will request up to $1,500,000 be transferred from the Education Fund to the Operations Fund. The final amount will be calculated at the conclusion of the calendar year. This will be the final transfer of the 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 up to $1,500,000 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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Robert Glover Jr. - 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 Karen J. Robbins Moved, Member Stuart B. Schultz 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 up to $1,500,000 from the Education Fund to the Operations Fund.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Terry D. Butler | Yes | | Karen J. Robbins | Yes | | Donald H. Rogers | Yes | | Stuart B. Schultz | Yes | | Rikki A. Guthrie | Yes | | Sandra J. Hillan | Yes | | Frank Porras | Yes | |
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