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BOARD OF TRUSTEES
MEETING
December 7, 2017
5:00 p.m.1Belmont College
District Board of Trustees Meeting
December 7, 2017
5:00 p.m.
AGENDA
CALL TO ORDER Mrs. Elizabeth Gates, Carroll CALL Kristy KoskyPLEDGE
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What is transfer of appropriated general?
The transfer of appropriated general refers to the process by which funds that have been allocated for specific purposes can be shifted to other accounts or purposes within an organization's budget, allowing for greater flexibility in resource management.
Who is required to file transfer of appropriated general?
Entities or individuals who manage appropriated funds, such as government departments and agencies, are required to file a transfer of appropriated general when they seek to reallocate budgeted funds.
How to fill out transfer of appropriated general?
To fill out the transfer of appropriated general, one must provide details such as the original funding source, the new funding destination, the amount being transferred, and any justifications for the transfer. Specific forms are usually provided by the governing body.
What is the purpose of transfer of appropriated general?
The purpose of the transfer of appropriated general is to allow organizations to reallocate funds as necessary to meet changing priorities, address unforeseen needs, or enhance the overall efficiency of budget utilization.
What information must be reported on transfer of appropriated general?
Information that must be reported includes the name of the transferring entity, the original and new appropriation accounts, the amount of the transfer, the purpose of the transfer, and any necessary approvals.
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