ANTIOCH UNIFIED SCHOOL DISTRICT
RESOLUTION NO. 2020-21-01
RESOLUTION TO ESTABLISH TEMPORARY INTERFUND TRANSFERS
ON MOTION of Member ____________________, seconded by Member ____________________, the following resolution is hereby adopted:
WHEREAS, the governing board of any school district may direct that moneys held in any fund or account may be temporarily transferred to another fund or account of the district or payment of obligations as authorized by Education Code Section 42603; and
WHEREAS, the transfer shall be accounted for as temporary borrowing between funds or accounts and shall not be available for appropriation or be considered income to the borrowing fund or account; and
WHEREAS, amounts transferred shall be repaid either in the same fiscal year, or in the following fiscal year if the transfer takes place within the final 120 calendar days of a fiscal year; and
WHEREAS, this resolution has been made available for public review and comment at a Public Hearing;
NOW THEREFORE, BE IT RESOLVED that the Governing Board of the Antioch Unified School District, in accordance with the provisions of Education Code section 42603 adopts the following authorization for fiscal year 2020-21 to temporarily transfer funds between any and all funds provided that all transfers are approved by the Superintendent or Superintendent designee:
PASSED AND ADOPTED by the Governing Board on August 12, 2020, by the following vote:
STATE OF CALIFORNIA, CONTRA COSTA COUNTY
I, Stephanie Anello, Secretary of the Governing Board, do hereby certify that the foregoing is a full, true, and correct copy of a resolution passed and adopted by the Board at a regularly called and conducted meeting held on said date.
WITNESSED my hand this 12th day of August, 2020.
Secretary of the Governing Board