Board approves transfer of $92,808.08 between accounts to free funds for projects

Committee member (Speaker 2) moved to transfer $92,808.08 from account 1158 into account 2701 to free up cash for ongoing work; the Chair seconded and the board approved the motion with a recorded 3-0 vote.

Committee member said the transfer ‘‘will free up more money to do more time’’ and that the board may do a reverse transfer at the next meeting to ensure funds are balanced between accounts. The motion text and amount were read aloud during the meeting: ‘‘I'll make the motion to transfer the funds from 1158 to 2701 for 928088’’ (recorded as $92,808.08 in the audio).

The board did not specify exact projects that will use the exchanged funds at the meeting; members said the transfer is intended to provide liquidity for immediate needs and that staff would report back on how the funds are used.