Agenda Item
Meeting Date: 6/25/2019 - 4:00 PM
Category: 12.0 ACTION ITEMS
Type: Action
Subject: Resolution Authorizing the Use of a Portion of Beginning Fund Balance for Fiscal Year 2019 - 2020
Strategic Plan Alignment:
GOAL 5, OBJECTIVE 1
Enclosure:
File Attachment:
Summary: As part of the budgeting process the Board of Education is required to approve a resolution indicating the amount of expenditures that are being funded by the use of beginning fund balance. The resolution should identify the types of expenditures to ensure the use of beginning fund balance is being spent on one-time expenditures. In the event the fund balance is being used for recurring expenditures the District should have a plan to ensure that the use of beginning fund balance will not lead to an ongoing deficit.
Funding:
Recommendation: The Board of Education adopts the Resolution Authorizing the Use of a Portion of Beginning Fund Balance 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