BOARD POLICY - 3110

Transfers may be made from the undistributed reserve to any expenditure classification at any time by the Board of Education on adoption of a resolution by a majority vote.  The resolution must also be filed with the County Superintendent of Schools and the county auditor. 

Transfers may be made at any time between expenditure classifications by a majority vote of the Board, approving a resolution which is filed with the County Superintendent of Schools and the county auditor.

Legal Reference:

Education Code
42I25 Undistributed reserve
42600 District budget limitation on expenditure
42601 Transfers between funds to permit payment of obligations at close of year
42603 Transfer of monies held in any fund or account to another fund; repayment

Policy Adopted: February 3, 1974
Policy Revised:  September 14, 2004