Agenda Item
Meeting Date: 5/21/2019 - 7:00 PM
Category: Individual Action on Items Pulled from Consent Agenda A - Routine Business
Type: Action
Subject: (Item A-3) Resolution 2019-50 Temporary Interfund Transfers (Mr. Kahn) Action to provide for temporary borrowing between funds.
:
Enclosure: Resolution 2019-50 Temporary Interfund Transfers
File Attachment:
Resolution 2019-50 Temporary Interfund Transfers-ada.pdf
Summary: Should the District experience a strain on cash, this resolution will allow temporary borrowing between any and all funds.
Funding: The amount borrowed must be repaid within the same fiscal year or following fiscal year if the temporary borrowing takes place within the final 120 days of the fiscal year.
Recommendation: Staff recommends the adoption of Resolution 2019-50 Temporary Interfund Transfers
Approvals:
Recommended By:
Signed By:
April Juarez - Senior Director, Controller
Signed By:
Leonard Kahn - Chief Business Officer
Signed By:
Cathy Washer - Superintendent