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

RESOLUTION #16-8

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

ATTEST:

 

___________________________                  __________________________________

Secretary to the Board                                     President

 

                                                                        __________________________________

                                                                        Director

 

                                                                        __________________________________

                                                                        Director

 

                                                                        __________________________________

                                                                        Director

 

                                                                        __________________________________

                                                                        Director

 

ADMINISTRATIVE RECOMMENDATION /MOTION/  "I move we approve Resolution 16-8 as presented" 

 

 

Attached Files:
NameSizeType
15-16 GF TFR TO CPF.docx 12KB application/vnd.openxmlformats-officedocument.wordprocessingml.document