KBudget Transfers over $50,000 2022-9-12
Item Details
- Meeting
- September 12, 2022 – Board of Education Meeting
- Category
- 12. Consent Agenda
- Type
- Action item
Motions
Move to approve Consent Agenda items 12 B-K
Moved by Matt Morse · Seconded by Virginia Morgan
Yes: Matt Morse, Patti Truesdell, Penny Vadla, Tim Daugharty, Virginia Morgan, Zen Kelly
Not present at vote: Debbie Cary, Jason Tauriainen, Jennifer Waller
Public Content
Budget Transfers over $50,000 – Background Information
Budget transfer 8 in the amount of $175,000.00 to move the Middle College budget and budget transfers 36 and 48, both in the amount $50,000.00 to purchase Connection students curriculum and courses have been processed by the Business Office.
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.