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Meeting Date:
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6/13/2024 - 5:30 PM
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Category:
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Business and Finance
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Type:
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Action
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Subject:
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10.18 Approval of Year-End Appropriation Transfers per California Education Code (EC) 41301 and 42601
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Strategic Goals:
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3. Budget and Finance To be responsible stewards of public funds and maximize the
resources needed to meet our goals, fulfill our priorities, and live up to
our values.
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Enclosure
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File Attachment:
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Rationale:
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EC 41301 and 42601 allow transfers initiated by the District from sufficient unappropriated fund balances. Should expenditures exceed budget appropriations for any major object classification, this permits the payment transfer of obligations by the Los Angeles County Office of Education to be processed. This Year-End Appropriation Transfers comes to the Board of Education on an annual basis.
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Budgetary Impact:
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Recommendation:
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It is recommended the Board of Education approve Year-End Appropriation Transfers per California EC 41301 and 42601.
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Approvals:
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Recommended By:
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Signed By:
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Patricia Loera - Secretary to the Assistant Superintendent, Business Services
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Signed By:
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Latasha Jamal - Assistant Superintendent, Business Services
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Signed By:
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Arturo Ortega - Superintendent
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Vote Results:
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| Original Motion | | Member Gabriela Arellanes Moved, Member Sabrina Bow, Ed.D. seconded to approve the Original motion 'It is recommended the Board of Education approve Year-End Appropriation Transfers per California EC 41301 and 42601.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 3 Nay: 0. | | The motion Carried 3 - 0 | | | | | Yolanda Rodriguez-Peña | Yes | | Gabriela Arellanes | Yes | | Sabrina Bow, Ed.D. | Yes | |
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