Agenda Item
Meeting Date: 5/26/2020 - 6:30 PM
Category: Business Services
Type: Action
Subject: 14.4 Adopt Resolution 2019-20-33 authorizing the temporary transfer of funds for the 2020-21 Fiscal year.
Strategic Plan Reference:
Priorities: Resources/Materials/Equipment #1: Provide facilities, equipment, supplies and materials to enhance student learning.
Priorities: Instruction #1: Prioritize the District and site budgets to meet students' needs.
Policy:
Attachment Supporting Materials: Resolution 2019-20-33 Temporary Transfer of Funds for 2020-21
File Attachment:
Resolution 2019-20-33 Temporary Transfer of funds 2020-21.pdf
Summary: The Board of Trustees of any school district may direct monies held in any fund or account to be temporarily transferred to another fund or account of the District for payment of obligations.

The transfer must be accounted for as temporary borrowing between funds or accounts and cannot be available for appropriation or be considered income to the borrowing fund or account. The 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.
Fiscal Impact/Source: None
Recommendation: The administration recommends the Board of Trustees of the Beaumont Unified School District adopt Resolution 2019-20-33 for the temporary transfer of funds for the 2020-21 Fiscal year.
Approvals:
Recommended By:
Signed By:
Lauren Young - None
Signed By:
Carmen Ordonez - Director of Fiscal Services
Signed By:
Penni Harbauer - Assistant Superintendet
Signed By:
Terrence Davis - Superintendent
Vote Results:

Original Motion
Member David Sanchez Moved, Member Steven Hovey seconded to approve the Original motion 'The administration recommends the Board of Trustees of the Beaumont Unified School District adopt Resolution 2019-20-34 for the Temporary transfer of funds between various District funds for the 2020-21 Fiscal year.'. The vote was: Aye: 5 Nay: 0.
The motion Carried 5 - 0
   
Janelle Poulter     Yes
Susie Lara     Yes
David Sanchez     Yes
Steven Hovey     Yes
Brian Sylva     Yes