SCSD2 approves the transfer of funds from education to operations for 2025

In a recent meeting of the Scott County School District 2 (SCSD2) board approved a resolution allowing for the transfer of appropriations within individual funds for the 2025 calendar year. This process enables the district to reallocate funds from one line item to another as needed, without exceeding the overall approved budget. This flexibility ensures that any necessary adjustments can be made to cover unexpected expenses or shortfalls within specific budget lines.

While this practice has been standard for the district, board members discussed adding additional transparency. Moving forward, a monthly report detailing any transfers will be provided to the board. This report will include a summary of any appropriation transfers made within funds or a statement confirming if no transfers occurred for that period. The board emphasized the importance of open communication and ensuring oversight of any fund reallocations to maintain fiscal accountability.

This resolution ensures that the district can effectively manage its resources while maintaining transparency with the board and the public.