TRANSFER OF FUNDS

The School Board recognizes that the transfer of funds between budget categories may be necessary in order to ensure that the district maintains a balanced budget.  The Superintendent or designee may authorize budget transfers up to 10% of a line item or $1,000 whichever is greater providing the program budget is not exceeded.  All transfers shall be reported to the Board and are subject to Board approval.

Legal Reference:

ALASKA STATUTES
14.08.010  Powers (Regional School Boards)
14.14.060  Relationship between borough school district and borough
14.14.065  Relationship between city school district and city

KETCHIKAN GATEWAY BOROUGH SCHOOL DISTRICT
Adoption Date:  10/13/99