IBudget Transfers over $50,000 2023-7-10
Item Details
- Meeting
- July 10, 2023 – Board of Education Meeting
- Category
- 12. Consent Agenda
- Type
- Action item
Motions
Move to approve Consent Agenda items 12 B-J.
Moved by Jason Tauriainen · Seconded by Matt Morse
Yes: Beverley Romanin, Debbie Cary, Jason Tauriainen, Matt Morse, Patti Truesdell, Penny Vadla, Tim Daugharty, Virginia Morgan, Zen Kelly
Public Content
Budget Transfers over $50,000 – Background Information
Budget transfer 857, in the amount of $115,028 has been processed by the Business Office to move Pool Supervisor salaries and benefits.
Budget transfer 892, in the amount of $92,315 has been processed by the Business Office to purchase FocusMath.
Budget transfer 895, in the amount of $317,468 has been processed by the Business Office to purchase Districtwide copiers.
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.