Agenda Item
Meeting Date: 11/19/2020 - 7:00 PM
Category: AGENDA
Type: Action
Subject: Transfer of Funds from the Education Fund to the Operations Fund
NCA/AdvancED District Strategic Plan:
Policy:
Enclosure:
File Attachment:
Transfer to Operation Fund.pdf
Summary: For the budget year 2020, $4,700,000 was approved for transfer from the Education Fund to the Operations Fund. To date, $2,700,000 has been transferred. Mr. Zembala, business manager, will request $1,600,000 be transferred from the Education Fund to the Operations Fund. This will leave a balance of $400,000 available for transfer through the end of the calendar year.
Funding:
Recommendation: That the Board approve the transfer as presented and authorize the Treasurer of the School City of Hobart to transfer $1,600,000 from the Education Fund to the Operations Fund.
Approvals:
Recommended By:
Signed By:
Ted Zembala - Business Manager
Signed By:
Dr. Peggy Buffington - Superintendent
Vote Results:

Original Motion
Member Karen J. Robbins Moved, Member Donald H. Rogers seconded to approve the Original motion 'That the Board approve the transfer as presented and authorize the Treasurer of the School City of Hobart to transfer $1,600,000 from the Education Fund to the Operations Fund.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0.
The motion Carried 7 - 0
   
Terry D. Butler     Yes
Michael J. Rogers     Yes
Karen J. Robbins     Yes
Donald H. Rogers     Yes
Stuart B. Schultz     Yes
Rikki A. Guthrie     Yes
Sandra J. Hillan     Yes