Story · Newfields School Board
School reserve and trust fund transfers
Article 7 asks voters to add up to $1,000 to the Safety and Security Capital Reserve Fund. The money would come from the June 30 fund balance, with nothing added from taxes. A board member said the fund is fully funded and the balance is $64,315. The School Board recommends it. There were no questions.
How it happened
Feb 5 · MinutesFirst mention
Article 4 asks voters to add up to $25,000 to the School Building Maintenance Expendable Trust Fund, set up in 1992 for repairing school buildings. The money would come from the June 30 fund balance, with nothing added from taxes. A board member said the target is $150,000 and the balance is $38,908. A resident asked if the fund would be used for an unused part of the building with environmental concerns. A board member said the fund paid for roof work, cleanup and air purification last year, that the room is in use and has been clear all year, and that they do not expect to use the fund for it.
Voters at the session moved Article 4 as written to the ballot. All were in favor. A second vote, also with all in favor, restricted reconsideration.
Feb 5 · MinutesDecided
Article 5 asks voters to add up to $28,000 to the Special Education Expendable Trust Fund. The money would come from the June 30 fund balance, with nothing added from taxes. A board member said the fund balance is $134,817 and the goal is $275,000. The School Board recommends it. No one asked questions or made comments.
Voters at the session moved Article 5 to the ballot. All were in favor. A second vote, also with all in favor, restricted reconsideration.
Feb 5 · MinutesDecided
Article 6 asks voters to add up to $1,000 to the Technology Capital Reserve Fund. The money would come from the June 30 fund balance, with nothing added from taxes. A board member said the balance is $20,361 and the amount is lower than usual because the safety project is the priority. The School Board recommends it. There were no questions.
Voters at the session moved Article 6 to the ballot. All were in favor. A second vote, also with all in favor, restricted reconsideration.
Feb 5 · MinutesDecided
Article 7 asks voters to add up to $1,000 to the Safety and Security Capital Reserve Fund. The money would come from the June 30 fund balance, with nothing added from taxes. A board member said the fund is fully funded and the balance is $64,315. The School Board recommends it. There were no questions.
Voters at the session moved Article 7 to the ballot. All were in favor. A second vote, also with all in favor, restricted reconsideration.