During a virtual meeting of the Crawfordsville School Board of Trustees on Thursday, the board approved a resolution to balance the district’s many funds.
The Rainy Day Fund Resolution approved Thursday gives administrators like Superintendent Dr. Scott Bowling permission to use district savings to balance out several funds.
“We do that every year. Our money is kept in lots of different funds, and the Rainy Day Fund is sort of our savings fund,” Bowling said. “We balance other funds out at the end of the year to get their cash balances back to where we feel like they should be, and we use the Rainy Day Fund to do that.”
Rainy Day funds are utilized by districts across Indiana to receive transfers of unused funds. Subject to the same processes as other funds which receive tax dollars, rainy day funds may be used to balance others if the use “is consistent with the intent of the fund,” according to the Indiana Department of Education.
Furthermore, schools may add up to 10% of its annual budget for a fiscal year to a rainy day fund.
In other business, the board approved the following personnel resignations and change of position: Tracey Moon, resignation as teacher’s aide at CMS; Allison Archer, resignation at family and consumer science teacher at CMS; Jacinda Smith, resignation as fifth-grade teacher at Hoover; and Tanner Wilson, transfer from second- and third-grade looping teacher at Nicholson to fifth-grade teacher at Hoover.
The next regularly scheduled meeting of the Crawfordsville board of trustees is set for 6 p.m. Jan. 14 in the LGI Room at Crawfordsville Middle School, 705 Wallace Ave.
