DBudget Transfers over $
Item Details
- Meeting
- December 6, 2021 – Board of Education Meeting
- Category
- 10. Consent Agenda
- Type
- Action item
- Recommended action
- Move to approve budget transfer in excess of $50,000.
Motions
Move to approve Consent Agenda items 10 B-G
Moved by Matt Morse · Seconded by Penny Vadla
Yes: Debbie Cary, Tim Daugharty, Zen Kelly, Virginia Morgan, Matt Morse, Patricia Truesdell, Penny Vadla, Jennifer Waller
Public Content
Budget Transfers over $50,000 – Background Information
Budget transfer 162, in the amount $89,250.00 has been processed by the Business Office to provide schools with IEP substitute and collaboration days.
Detail for these transfers are attached.
A budget is a financial plan created to allocate funds for estimated costs of programs and needs in accordance with the District's plans and goals. It is usually necessary to make changes to the original plan through the use of budget transfers, which follow Generally Accepted Accounting Principles (GAAP), as more information about actual costs becomes available and decisions about programs and circumstances are revised. Prior to approval, all budget transfer requests are reviewed in light of current policies and procedures and evaluated for appropriateness and necessity in conjunction with the District's internal controls.
This budget transfer exceeds $50,000; therefore, requires Board of Education approval per Board Policy 3120.