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Meeting Date:
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Category:
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Type:
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Subject:
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Approval of the Resolution Abating the Working Cash Fund |
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Strategic Plans:
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Enclosure:
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File Attachment:
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Summary:
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The School Code of Illinois allows for a transfer of funds to
accommodate cash flow conditions. This resolution permanently transfers the monies received from the Working Cash bond sale to the Capital Project Fund. |
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Funding:
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Resolution
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WHEREAS, the Board of Education of Springfield School District No. 186, Sangamon County, Illinois, has heretofore created and maintained a working cash fund in and for the District;
and WHEREAS, Section 20-10 of the School Code of the State of Illinois, authorizes the Board to abate the Fund;
NOW THEREFORE BE IT RESOLVED that the Board authorizes, ratifies, and approves permanent abatement of $60,570,000 from the Working Cash Fund to the Capital Projects Fund. |
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Approvals:
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Recommended By: |
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Signed By: |
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Steve Miller - Director |
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Signed By: |
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Jennifer E. Gill - Superintendent |
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Vote Results:
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| Original Motion | | Member Erica Austin Moved, Member Sarah Blissett seconded to approve the Original motion 'WHEREAS, the Board of Education of Springfield School District No. 186, Sangamon County, Illinois, has heretofore created and maintained a working cash fund in and for the District;
and WHEREAS, Section 20-10 of the School Code of the State of Illinois, authorizes the Board to abate the Fund;
NOW THEREFORE BE IT RESOLVED that the Board authorizes, ratifies, and approves permanent abatement of $60,570,000 from the Working Cash Fund to the Capital Projects Fund.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Anthony Mares | Yes | | Micah Miller | Yes | | Sarah Blissett | Yes | | Buffy Lael-Wolf | Yes | | Erica Austin | Yes | | Ken Gilmore | Yes | | Debra Iams | Yes | |
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