Transfer of Funds

Code No.: 802.7
TRANSFER OF FUNDS
POLICY: When the necessity for a fund has ceased to exist, the balance may be transferred to another
fund or account by board resolution. School district monies received without a designated purpose may
be transferred in this manner. School district monies received for a specific purpose or upon vote of the
people may only be transferred, by board resolution when the purpose for which the monies were
received has been completed. Voter approval is required to transfer monies to the general fund from the
capital projects fund and debt service fund.
It is the responsibility of the board secretary to make recommendations to the board regarding transfers
and to provide the documentation justifying the transfer.
Approved
Reviewed 1/17/00
Reviewed 12/19/05
Revised 6/20/11
Revised 4/18/16