TEMPORARY TRANSFER OF SALES SURTAX CASH BETWEEN GROUPS | Administrative Procedures

6180.03 - TEMPORARY TRANSFER OF SALES SURTAX CASH BETWEEN GROUPS

The following procedure outlines the steps required to implement a temporary transfer of sales surtax funds between groups (facility renewal, educational technology, District school security).

Project Management staff prepares a proposal request that includes:
1. Justification for the request relative to the criteria in Policy 6180.03.
2. Cash flow analysis projecting the use of funds and the schedule for the replenishment of funds. The agreed upon schedule for the temporary transfer and the replenishment will be collaboratively determined based on the resource needs of both groups and the sales surtax revenue projections.
3. Evaluation of the effect of the temporary transfer on the projects scheduled in the group providing the resources.
Proposal is reviewed and approved by the senior staff member representing the groups from which and to which the funds are being transferred.
Proposal is reviewed by the Independent Citizens Oversight Committee (ICOC) and its recommendation is provided to the Board.
Proposal is considered by the Board.

Following approval, the Finance Department provides accounting support to implement the temporary transfer and the replenishment of funds.