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Meeting Date:
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1/13/2025 - 6:00 PM
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Category:
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Business Services
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Type:
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Action
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Subject:
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Accept and approve the transfer of funds from B&A Activity Fund (72) to Building Fund (21). C. Murphree
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Enclosure
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File Attachment:
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Summary:
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B&A Activity Fund 72 operates primarily from their activity fund account. Oklahoma State Statute 70-5-129 states, "The Board of Education may direct any balance in excess of the amount needed to fulfill the function or purpose for which an account was established may be transferred to another account." Fund 72 will have an approximate balance of $1,900,000.00, which will leave B&A with sufficient funds needed to operate the program. It is requested that the Board of Education approve the transfer of $1,000,000.00 in funds from their account, and to deposit the funds into the Building Fund (21).
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Funding:
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Activity Funds
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Recommendation:
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Approve
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Approvals:
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Recommended By:
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Signed By:
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Marsha Janey - Administrative Assistant
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Signed By:
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Natalie Eneff - Chief Financial Officer
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Signed By:
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Chuck Perry - Superintendent
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Vote Results:
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| Original Motion | | Member Jerry Denton Moved, Member Brandy Roulet seconded to approve the Original motion 'Approve'. Upon a Roll-Call Vote being taken, the vote was: Aye: 4 Nay: 0. | | The motion Carried 4 - 0 | | | | | Jerry Denton | Yes | | Steve Allen | Yes | | Brandy Roulet | Yes | | Debbie Taylor | Yes | |
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