Agenda Item #14
Release Committed Fund Balance of $241,084 to be used for Centralized Internal Acccounts in Fiscal Year 2018-19
This budget priority that began in 2017-18 and was provided grant-style funding for fiscal years 2017-18, 2018-19, and 2019-20 using non-recurring funds. Following fiscal year 2019-20, the District will be required to take necessary steps to fund this initiative from available funds. This agenda item is to release $241,084 held as committed fund balance to fund this initiative in fiscal year 2018-19. These funds cannot be appropriated without Board action.
Approve releasing $241,084 in committed fund balance to pay the cost of centralized internal accounts for fiscal year 2018-19.
Consent w/o Information - 9/6/2018
Authority for Action
Involves Expenditure of Funds Directly in the Classroom
Source of Funding
Legal Counsel Review
Karen Strickland, Director of Budgeting, Cost Accounting & FTE, ext. 610
Pennie L. Zuercher, Chief Financial Officer, ext. 600