FINANCIAL BUSINESS REQUEST (FBR)
Motion/Request:
title
MOTION to appropriate and transfer $129,698 from Account #10188210-59300 (Transferred Funds) to Account #2250101-49002 (BOE CNR Transfers In);
In addition, appropriate $129,698 to Account #22570101-58261 (BOE CNR Ag-Science)end
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Background:
titleendFor the Fiscal Year 2023/2024 the town budgeted $850,000 to be received as revenue in the General Fund from the Agri-Science & Technology Education Grant (ASTE).
However, the town received $979,698 which was $129,698 more than the budgeted amount.
The Board of Education is requesting that the overage of $129,698 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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