Agenda Item
Meeting Date: 6/25/2019 - 4:00 PM
Category: 12.0 ACTION ITEMS
Type: Action
Subject: Resolution Authorizing Interfund Borrowing for Fiscal Year 2019 - 2020
Strategic Plan Alignment:
GOAL 5, OBJECTIVE 1
Enclosure:
File Attachment:
Summary: As part of the budget process certain resolutions should be approved annually so the District is kept aware of the requirements for good financial record keeping. An amount has been estimated as to how much borrowing may occur during Fiscal Year 2019 - 2020, which mostly occurs in the designated purpose grants fund. The document services fund is also on the Resolution Authorizing Interfund Borrowing since they have a lot of production costs at the start of the school year and do not receive payments for those services until a few months later.
Funding:
Recommendation: The Board of Education adopts the Resolution Authorizing Interfund Borrowing for Fiscal Year 2019 - 2020 as presented in the June 25, 2019 Board materials
Approvals:
Recommended By:
Signed By:
David Horner - Chief Financial Officer
Signed By:
Charlotte Macaluso - Superintendent