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Open Meeting Minutes Page 7<br />
Resolution No. 2012-05: Interfund Transfer From Education Fund<br />
to Operations and Maintenance Fund-Restricted<br />
WHEREAS, effective June 30, 2012, $750,000 in unrestricted funds<br />
are available in the Education Fund and $250,000 in the Operations and<br />
Maintenance Fund for transfer,<br />
AND WHEREAS, the Board of Trustees has deemed it to be in the<br />
best interest of the College to transfer $1,000,000 of these funds to the<br />
Operations and Maintenance Fund-Restricted for use in funding capital<br />
projects for the College,<br />
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF<br />
TRUSTEES OF COMMUNITY <strong>COLLEGE</strong> DISTRICT NO. 514 that<br />
effective June 30, 2012, $1,000,000 be transferred to the Operations and<br />
Maintenance Fund-Restricted.<br />
ADOPTED AND APPROVED THIS 21st DAY OF JUNE, 2012.<br />
Mr. LaHood asked for a roll call vote to approve Resolution 2012-05, and the following<br />
Trustees responded “Aye”: Don Brennan, Dr. Robert Ehrich, David LaHood, James<br />
Polk, Sue Yoder, and Student Trustee Trevor Mileur (advisory vote). “Nay”: None.<br />
Absent: Katherine Coyle and Tim Elder. The motion passed.<br />
Ms. Yoder made a motion from the Finance Committee to approve the tentative budget<br />
for 2012-2013 budget as presented, publicized, and placed on public display for the<br />
required period with final adoption scheduled for August 16, 2012.<br />
Mr. LaHood asked for a roll call vote to approve the tentative 2012-2013 budget as<br />
presented, and the following Trustees responded “Aye”: Don Brennan, Dr. Robert<br />
Ehrich, David LaHood, James Polk, Sue Yoder, and Student Trustee Trevor Mileur<br />
(advisory vote). “Nay”: None. Absent: Katherine Coyle and Tim Elder. The motion<br />
passed.<br />
Ms. Yoder made a motion from the Finance Committee to authorize the administration<br />
to expend monies from the tentative 2012-2013 budget until the budget is adopted in<br />
August. This will allow the administration to meet day-to-day operating needs and is<br />
consistent with past practice.<br />
Mr. LaHood asked for a roll call vote to approve to expend monies from the tentative<br />
2012-2013 budget until the final budget is approved in August. The following Trustees<br />
responded “Aye”: Don Brennan, Dr. Robert Ehrich, David LaHood, James Polk,<br />
Sue Yoder, and Student Trustee Trevor Mileur (advisory vote). “Nay”: None. Absent:<br />
Katherine Coyle and Tim Elder. The motion passed.
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