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Meeting Date:
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6/17/2020 - 3:00 PM
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Category:
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Consent Calendar
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Type:
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Action
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Subject:
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11.34 BUSINESS: Resolution No. 38:19-20 Temporary Loan Between Funds for 2020-21 (no fiscal impact)
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Strategic Plan:
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Enclosure
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File Attachment:
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Summary:
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Education Code 42603 allows the Governing Board to direct monies held in any fund or account to be temporarily transferred to another fund or account of the District for the payment of obligations. The District is issuing the attached Resolution No. 38:19-20 for temporary borrowing between funds or accounts, if necessary.
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Funding:
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No fiscal impact.
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Recommendation:
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It is recommended that the Board of Trustees adopt Resolution No. 38:19-20 Temporary Loan Between Funds for 2020-21.
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Approvals:
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Recommended By:
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Signed By:
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Alisha Fogerty - Director of Fiscal Services
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Signed By:
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Candace Reines - Deputy Superintendent
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Signed By:
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Grant Bennett - Superintendent
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Vote Results:
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| Original Motion | | Member Edward Garcia, Jr. Moved, Member David Nelissen seconded to approve the Original motion 'It is recommended that the Board of Trustees adopt Resolution No. 38:19-20 Temporary Loan Between Funds for 2020-21.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | David Nelissen | Yes | | Dr. Jose Luis Araux | Yes | | Anthony T. Stafford, Sr. | Yes | | Edward Garcia, Jr. | Yes | | Dr. Randall Freeman | Yes | |
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