Consideration and Possible Action to Authorize FISD Staff to Transfer Budget Allocations Between Functions for the 2025-2026 Fiscal Year as Needed, Provided There Is No Increase in the Total Amount of the Previously Approved Budget Presenter: Rick Kirkpatrick/Eric Banfield Description: During the year-end process, it is often necessary to transfer budget allocations between function codes. Transfe

Staff Report & Agenda Item Details

VII.H. Consideration and Possible Action to Authorize FISD Staff to Transfer Budget Allocations Between Functions for the 2025-2026 Fiscal Year as Needed, Provided There Is No Increase in the Total Amount of the Previously Approved Budget Presenter: Rick Kirkpatrick/Eric Banfield Description: During the year-end process, it is often necessary to transfer budget allocations between function codes. Transfers represent no change in the total amount budgeted or appropriated. Such changes are intended to represent corrections or adjustments that bring local appropriations by function in-line with expected expenditures for the year-end process and for audit purposes. State regulations require Board approval for budget transfers of appropriated funds between function codes. In making this request, staff sought the opinion of the FISD Independent Auditor (Leiona Ledesma-McCuskey of Lott Vernon). Their original opinion received by email on July 14, 2015, concurs that such a motion is acceptable. The contents of the auditor's statement are included below: It is acceptable to have management move budgeted amounts by functions as long as the Board has approved for management to have such authority without changing the overall budget total which requires board approval. Staff will provide a budgeted list of any and all transfers made under this authority at the next regularly scheduled meeting following the end of the fiscal year, and provide further updates as necessary as we close 2025-2026.

This motion is scored as RESTRAINS_GOVERNMENT (Impact Weight: 2.9/10). Under the Bastiat Liberty Watchdog Index, voting YES on measures that cap or reduce ad valorem tax burdens, expand taxpayer exemptions, retire debt early, enforce competitive bidding caps, or remove regulatory/zoning barriers to private property rights earns a positive Pro-Liberty score.