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Meeting Date:
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6/24/2020 - 7:00 PM
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Category:
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Special Meeting Business
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Type:
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Action
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Subject:
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5.6 FY20 Fund 1 to Fund 2 transfer
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Strategic Plans:
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Enclosure
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File Attachment:
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Public Notes:
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Funding :
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Exec. Summary
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Recommendation:
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To authorize Fund 1 to Fund 2 transfer of a necessary amount to ensure Fund 2 does not end in a negative amount as required by State Statute. It is estimated the transfer will be approximately $204,812 which would occur on June 30, 2020. The transfer is necessary due to an announced withholding in state aid on June 1, 2020, by Governor Parson.
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Approvals:
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Recommended By:
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Signed By:
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Wayne Krueger - Financial Consultant
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Signed By:
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Dr. Todd Schuetz - Superintendent
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Vote Results:
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| Original Motion | | Member Ian Saxton Moved, Member Len Matthies seconded to approve the Original motion 'To authorize Fund 1 to Fund 2 transfer of a necessary amount to ensure Fund 2 does not end in a negative amount as required by State Statute. It is estimated the transfer will be approximately $204,812 which would occur on June 30, 2020. The transfer is necessary due to an announced withholding in state aid on June 1, 2020, by Governor Parson.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Denney Fales | Yes | | Sarah Lamer | Yes | | Ian Saxton | Yes | | Wade Kiefer | Yes | | Len Matthies | Yes | | Scott Haggerty | Yes | | Susan Whitacre | Yes | |
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