DBJ – Transfer of Appropriations

In the event it becomes necessary to expend an amount greater than what was appropriated for a specific purpose, the Board is authorized to transfer funds from an unexpended balance of one appropriation to a different appropriation that is in deficit.  All transfers of appropriations will be made consistent with the provisions of RSA 32:10.

The Board authorizes the Superintendent to transfer funds between line items up to $10,000.    Any such transfers shall be reported to the School Board at the Board’s next regularly scheduled meeting.  The Board will be advised in advance of any transfer in excess of $10,000.  Any transfer of funds shall be done to achieve purposes that align with the expenditure of public funds.

In no circumstance shall the total amount spent exceed the total amount appropriated at the School District Annual Meeting.

The Superintendent is authorized to develop administrative rules or regulations to accompany this policy.

It is the intent of the Board to limit its spending to the amount specified for each line item.  However, transfer of funds between line items will be permitted if deemed desirable, except that excess funds may not be transferred from the Unemployment Compensation line item (see RSA 282-A:71, III).

Legal References:

         RSA 32:10, Transfer of Appropriations

        RSA 282-A:71, III, Unemployment Compensation


Category:  O

1st Read:  August 18, 2015

2nd Read:  September 1, 2015

Adopted:  September 1, 2015