AFourth Quarter Budget Transfer Report 2020-8-3
Item Details
- Meeting
- August 3, 2020 – Board of Education Meeting
- Category
- 9. Reports
- Type
- Information item
Public Content
Background Information:
Quarterly budget transfer information is presented to the Board of Education at the end of each quarter to apprise them of the budget transfers needed to maintain accuracy in the District’s budget. More detailed information is available upon request at District Office at 148 N. Binkley Street, Soldotna, Alaska.
Quarterly Budget Transfer Report: This printout recaps the budget transfers that were approved for the quarter just ended, with the following headings: | ||
Fund | The fund code of the budget transfer | |
BT# | The budget transfer number assigned to each transaction | |
Date | The date the budget transfer was entered | |
Location Description | The location/school entering the budget transfer | |
Function Description | The function description of the budget transfer | |
Program Description | The program description of the budget transfer | |
Object Description | The object description of the budget transfer | |
Budget Transfer Description | The description of the reason the budget transfer is needed | |
Total Budget Adjustment | The amount of the budget transfer | |
BP3310 – Transfer of Funds:
All transfers between funds shall have Board approval.
Budget transfers within funds in excess of fifty thousand dollars ($50,000) shall have Board approval.
Budget transfers under fifty thousand dollars ($50,000) shall be approved by the Superintendent. An informational summary of these transfers will be reported to the Board quarterly.