The Huron Board of Education has authorized business manager Kelly Christopherson to transfer $706,000 from the capital outlay fund to the general fund.
Christopherson says the goal is to keep the general fund balance even where it began the year for cash flow purposes.
Christopherson says cash on hand is low in May and November.
Christopherson says the total property valuation for the Huron School District is currently $1,258,071, 277.00. Prior to the new school funding formula implemented in 2016, capital outlay tax could be levied at $3.00 per thousand.
Without the transfer to the general fund, the calculation of cash on hand in May and November would be approximately negative $667,000.