LBudget Transfers over $50,000 2026-6-1

Budget transfer 544 in the amount of $100,040 and budget transfer 564 in the amount of $148,000 have been processed by the Business Office for Connections End of Year Parent Reimbursements.

Detail for the amount of each of these transfers is 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.

These budget transfers exceed $50,000; therefore, they require Board of Education approval per Board Policy 3120.