Resolution 16-8: Authorization of Interfund Transfer from GF to CPF
The purchase of the home and property identified in resolution 16-7 is paid from the capital projects fund. Currently, we have approximately $150,000 in the fund available for this purpose from impact fees. The additional funds are currently in the General Fund and, in order for this purchase to be made, must be transferred from the General Fund to the Capital Projects Fund. Resolution 16-08 authorizes the transfer of the required money between funds.
WOODLAND SCHOOL DISTRICT NO. 404
AUTHORIZING TRANSFER FROM THE GF TO THE CPF
WHEREAS, the Woodland School District Board of Directors wishes to transfer funds from the General Fund to the Capital Projects Fund to purchase the site at 2280 Lewis River Road, parcel number 506800022 for future expansion of the Woodland Intermediate School; and,
WHEREAS, the district will be paying for $150,000 of the fund using collected impact fees in the fund; and,
WHEREAS, the Woodland School District has determined that the remaining portion of the purchase price should be paid from district levy funds and should be designated as such in the Capital Projects Fund,
NOW THEREFORE BE IT RESOLVED that the Board of Directors of Woodland School District No. 404, Cowlitz County, request the County Treasurer to transfer $30,000 from the General Fund to the Capital Projects fund for the site purchase.
Adopted this 22nd day of August, 2016
WOODLAND SCHOOL DISTRICT #404
BOARD OF DIRECTORS
Secretary to the Board President
ADMINISTRATIVE RECOMMENDATION /MOTION/ "I move we approve Resolution 16-8 as presented"