Budget Transfers

The transfer of funds between and within functional unit appropriations of the General Fund is commonly required during the school year. The Superintendent of Schools, based on the recommendation of the Business Manager, is authorized to make budget transfers, not to exceed $25,000.00 between line item accounts. The Superintendent of Schools will present all transfers in excess of $25,000.00 to the Board at its next regular meeting for approval.

Each time the Superintendent of Schools approves a transfer of funds, such transfer will be reviewed by the Board at its next regular meeting.

Ref: Education Law §1718

8 NYCRR §170.2(1)

Adoption date: August 21, 2013

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