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Meeting Date:
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6/4/2024 - 7:00 PM
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Category:
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Consent Agenda A - Routine Business
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Type:
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Action
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Subject:
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(Item A-11) Resolution 2024-56 Temporary Interfund Transfers (Mr. Kahn) Action to provide for temporary borrowing between funds.
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Enclosure
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Resolution 2024- 56 Temporary Interfund Transfers.
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File Attachment:
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Summary:
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Should the District experience a strain on cash, this resolution will allow temporary borrowing between any and all funds.
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Funding:
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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.
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Recommendation:
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Staff recommends the adoption of Resolution 2024-56 Temporary Interfund Transfers.
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Approvals:
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Recommended By:
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Signed By:
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April Juarez - Senior Director, Controller
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Signed By:
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Leonard Kahn - Chief Business Officer
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Signed By:
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Neil Young - Superintendent
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