No cost stated

Requests a temporary transfer of up to $30 million from the Alameda County Treasury for 2020-21

The Board adopts a resolution asking the Alameda County Treasury for a temporary transfer of funds of no more than $30 million for fiscal year 2020-21. The text says the request is due to ups and downs in district revenue and receipts.

Plain-English summary written by AI from the official text. AI summary · amounts checked against official text

Action: Resolution or policy
Category: Budget, finance & payments
Term: Jul 1, 2020 – Jun 30, 2021
Presented by: Board of Education
File: 20-1264 · agenda P.-134
Outcome: Adopted on the General Consent Report, Jun 24, 2020

Official text

Approval by the Board of Education, upon recommendation of the Budget and Finance Committee, of Resolution No. 1920-0258 - Requesting Temporary Transfer of Funds In An Amount Not To Exceed $30 Million Dollars From The Alameda County Treasury Due To Fluctuation In District Revenue And Receipts For Fiscal Year 2020-2021.

History

Jun 18, 2020 Recommended Favorably (Budget and Finance Committee)
Jun 24, 2020 Adopted on the General Consent Report

This is an independent project created to provide transparency to the OUSD Community, and is not affiliated with Oakland Unified District. All data used to create the Consent Report Tracker is made public by Legistar, OUSD's official platform for posting legislative records. Plain-English summaries are written by AI with narrow parameters based upon the official text of the reports. Read about how all this works.