FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
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MOTION to appropriate and transfer $250,636 from Account #10188210-59300 (Transferred Funds) to Account #2250101-49002 (BOE CNR Transfers In)
In addition, appropriate $250,636 to Account #22570101-58261 (BOE CNR Ag-Science)end.
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Background:
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For fiscal year 2024/2025, the town received $250,636 more than the combined budgeted amount for the ASTE grant and Vo-Ag Tuition amount largely because of the change in the State’s Funding formula, by increasing the grant allocation while reducing the tuition rate the Board of Education was allowed to charge.
The Board of Education is requesting that the overage of $250,636 that was received be transferred from the General Fund to their ASTE Capital Account to be used to purchase capital items for the Agri-Science Program.
Department Comment/Recommendation:
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Finance Director Comment/Recommendation:
Mayor Comment/Recommendation:
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