Long-lasting transfers could be made out of the general fund to almost every other running money In line with area 121A.19 or if the means of the opposite fund are not adequate to finance permitted expenses from that other fund. Long lasting transfers could also be comprised of the overall fund to eradicate deficits in another fund when that other fund is remaining discontinued. Every time a district discontinues operation of a district-owned bus fleet or a substantial part of a fleet, the stability shall cancel on the district's standard fund.

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A district might separately maintain within a selected for separation and retirement advantage account the amount necessary to meet up with the obligations for separation and retirement Gains, such as compensated absences, termination benefits, pension Gains, and other postemployment Added benefits, not accounted for elsewhere. The amount important should be calculated according to specifications recognized by the department.

Fund transfers underneath this segment can be designed for up to one 12 months before the successful date of blend or consolidation by the consolidating boards And through the 12 months adhering to the successful date of reorganization from the consolidated board. The freshly shaped board on the put together district might undertake a resolution on or ahead of August thirty with the 12 months on the reorganization authorizing a transfer among the accounts or money in the earlier independent school districts which transfer or transfers shall be described from the influenced districts' audited financial statements with the calendar year immediately previous the consolidation.

The commissioner of instruction might obtain professional medical insurance coverage coverage for the good thing about students with the Minnesota State Academy to the Deaf or perhaps the Minnesota Condition Academy with the Blind in a similar manner and Along with the same outcome as a college district board may perhaps do for its learners below this subdivision.

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(a) Notwithstanding subdivision 1, a district may perhaps transfer revenue from the overall fund for the Local community support fund with the employer contributions for teacher retirement and FICA for https://123b.rentals/ employees who are members of the Instructor retirement Affiliation and who're paid out with the Neighborhood provider fund.

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Pub: 29 Feb 2024 17:46 UTC
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