GBudget Transfers over $50,000 2018-1-15
Item Details
- Meeting
- January 15, 2018 – 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-E and G
Moved by Tim Navarre · Seconded by Zen Kelly
Yes: Dan Castimore, Debbie Cary, Jason Tauriainen, Lynn Hohl, Marty Anderson, Mike Illg, Penny Vadla, Tim Navarre, Zen Kelly
Public Content
Budget transfers 341 through 344 were processed to update the current year costs of In-Kind Services and facility rent for the charter schools. These budget transfers are based on each charter school’s Adjusted Average Daily Membership (AADM), compared to the district total AADM.
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.