District news
Board approved $26 million in budget transfers to cover accounts with negative balances
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What happened
The April 7, 2026 agenda included general fund transfers totaling $26,184,467, almost all ($26,088,467) to fix accounts that had gone negative. The treasurer said at the April 28 meeting that the board had approved a large set of transfers.
Why it matters to families
Moving money between budget lines is allowed but the size and the negative balances point to weak budget control, a finding the state monitor also made.
The evidence
A June 10, 2026 district answer says the package went to trustees on April 6 and lists the amounts. The April 28 recording has the treasurer saying the board approved sizable transfers the month before.
The source
Community Financial Question: Was the Board given advance notice of the April 7 transfer package?See the full record for Mount Vernon City School District.
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