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Meeting Date:
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Category:
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Type:
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Subject:
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Inter-Fund Transfer Between General (Incidental) Fund and Special Revenue (Teachers) Fund |
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Board Goals:
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Maintain Fiscal & Operational Integrity and Accountability -Accurate, timely, and complete transparent financial reporting.
-Provide a budget aligned with the district's strategic plan.
-Maintenance of a long-range capital improvement plan.
-Financial operations focused on policy compliance and efficiency.
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Enclosure:
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File Attachment:
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Background & Rationale:
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The Board of Education must approve inter-fund transfers per Section 165.011, RSMo. The Special Revenue (Teachers) Fund is used to account for revenue sources legally restricted to expenditures for the purpose of teachers' salaries and benefits and tuition payments to other school districts. |
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Budget to be Charged:
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Motion
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I move that the Board of Education approve the transfer of funds from the General (Incidental) Fund to the Special Revenue (Teachers) Fund to cover all expenditures that are not covered by another source of revenue (per RSMo 165.111) in that Fund in an amount not to exceed $7,000,000. |
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Approvals:
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Recommended By: |
Signed By: |
![](/images/signature.gif) |
Jacqui Vernon - Director of Finance Operations |
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Signed By: |
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Dr. Carl Calcara - Assistant Superintendent of Human Resources |
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Signed By: |
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Penelope Martin-Knox - Superintendent |
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