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Meeting Date:
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11/8/2021 - 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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Discussion, motion and vote on motion to approve or disapprove a one time transfer of up to $6,000,000 from sinking fund to general fund. N. Eneff
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Enclosure
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File Attachment:
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Summary:
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With the approval of our ESSER III application taking over 2 months for approval, we have yet to receive these funds. Given that we are required to spend the funds, pay the vendors, and then get reimbursed, the general fund cash flow is low due to also not receiving our ad valorem dollars yet. Once we receive the ad valorem revenue in January, sinking fund will be paid back.
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Funding:
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General Fund
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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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Janet Vinson - 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 | | | | | Steve Allen | Yes | | Jerry Denton | Yes | | Steve Majors | Yes | | Brandy Roulet | Yes | |
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