As a result of increased capital projects expenditures this year (including the WIS portable and other district projects) the appropriation approved in August 2017 is not sufficient to cover all expenditures. Therefore, I am requesting an increase of $200,000 for the 17-18 fiscal year.
Attached are the proposed Resolution and the Budget Extension Document from the Accounting system
WOODLAND SCHOOL DISTRICT #404
RESOLUTION #18-06
CAPITAL PROJECTS FUND BUDGET EXTENSION
WHEREAS, WAC 392-123-071 and WAC 392-123-078 permits a first class district board of directors, after review by the ESD and OSPI and prior to August 31, to increase the amount of appropriation of any fund; and.
WHEREAS, the Capital Projects fund will have unexpected expenditures in the 2017-18 school year as a result of the purchase of 1 portable and other district projects, which will require an increase in appropriation, totaling $200,000.00; and,
WHEREAS, the Capital Projects Fund beginning cash/fund balance plus revenues is sufficient to provide for the additional expenditures,
NOW THEREFORE BE IT RESOLVED that the Board of Directors of Woodland School District, Cowlitz County, Washington, hereby approves an increase of the 2017-18 Capital Projects Fund appropriation amount by $200,000.00 from $610,000.00 to $810,000.00.
Adopted this 27th day of August, 2018.
BOARD OF DIRECTORS
ATTEST:
___________________________ __________________________________
Secretary to the Board Chairperson
__________________________________
Director
Administrative Recommendation /MOTION/ "I move we adopt Resolution 18-06 as presented"