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Board Policies

2270 Temporary Transfers Between Funds (Inter-fund Borrowing)

The Chief Business officer may temporarily transfer District monies from one or more funds to another to be used for the payment of the obligations of the District subject to the limitations imposed by the Education Code and the Budget and Accounting Manual. The amount transferred must be repaid within the same fiscal year. If the transfer takes places within the final 120 days of the fiscal year, repayment may be made in the subsequent fiscal year.

A report of such transactions shall be provided to the Board of Trustees at the board meeting following the transaction.

Reference:
Education Code 84030 and the Budget and Accounting Manual, Title 5, California Code of Regulations 59011
Adopted: 11-3-87
Revised and Adopted: 1-5-88, 1-2-90, 4-4-95, 7-1-96, 12-02-08