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Meeting Date:
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4/9/2025 - 7:00 PM
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Category:
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Action Items
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Type:
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Action
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Subject:
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Approval of the Amendment to the Resolution Authorizing the Transfer of Monies from the Operations and Maintenance Fund to the Capital Projects Fund
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Vision 2026:
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Operational Excellence Strategies 2 Maintain strong fiscal health of the organization.
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Background
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In advance of the first debt issuance associated with the November 2024 Middle School Capital Referendum, an inter-fund loan was necessary to ensure CUSD 200 could meet its obligations in connection to the capital project expenses that were not accounted for in the FY25 budget approved in September 2024. An inter-fund loan of $6,000,000 from the Working Cash Fund to the Operations and Maintenance Fund was approved at the January 2025 Regular Board of Education meeting to ensure that the District's obligations could be met in advance of the first Referendum Debt Issuance.
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File Attachment:
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Summary:
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CUSD 200 has received funds from the initial Debt Issuance associated with the November 2024 Middle School Capital Referendum on March 25, 2025. To authorize the funds received from the Debt Issuance to be moved from the Capital Projects Fund to the Operations and Maintenance Fund, an amendment to rescind the Resolution Authorizing the Transfer of Monies from the Operations and Maintenance Fund to the Capital Projects Fund is required.
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Funding:
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Board Policy
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Recommendation:
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It is recommended that the Board of Education approve the attached resolution.
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Approvals:
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Recommended By:
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Signed By:
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Jordan Thorse - Treasurer
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Signed By:
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Brian O'Keeffe - Asst Superintendent Business Services
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Signed By:
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Jeff Schuler - Superintendent
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