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Meeting Date:
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6/14/2022 - 5:00 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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11.7 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. Fiscal Responsibility We manage our fiscal resources responsibly and align budget decisions with District goals and priorities.
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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 for 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 of Education to be processed.
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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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Melissa Vera - Secretary to 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 Yolanda Rodriguez-Peña 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: 4 Nay: 0. | | The motion Carried 4 - 0 | | | | | Xilonin Cruz-Gonzalez | Yes | | Yolanda Rodriguez-Peña | Yes | | Adrian Greer | Yes | | Sabrina Bow, Ed.D. | Yes | |
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