Review Agenda Item
Meeting Date: 6/9/2025 - 7:00 PM
Category: Recognitions and Resolutions
Type: Action
Subject: 8.1 Resolution No. 24/25-49 Authorizing Temporary Transfers Between District Accounts for Fiscal Year 2025-2026
LCAP (Local Control Accountability Plan) Goal:
Enclosure
File Attachment:
Resolution No. 24.25-49 - Temp Borrowing 25-26.pdf
Summary: The governing board of any school district may direct that moneys held in any fund or account may be temporarily transferred to another fund or account of the district for payment of obligations. Amounts transferred shall be repaid either in the same fiscal year, or in the following fiscal year if the transfer takes place within the final 120 calendar days of a fiscal year. No more than 75 percent of the maximum of moneys held in any fund or account during a current fiscal year may be transferred.
Funding:
Recommendation: Approve Resolution No. 24/25-49 Authorizing Temporary Transfers Between District Accounts for Fiscal Year 2025-2026
Approvals:
Recommended By:
Signed By:
Daisy Delacruz - Admin. Asst. II
Signed By:
Mike Mathiesen - Associate Superintendent
Signed By:
Eric Volta - Superintendent