6150 Budget Transfers

BUDGET TRANSFERS

The transfer of funds between and within functional unit appropriations of the General Fund is commonly required during the school year, in accordance with the Regulations of the Commissioner of Education. The Assistant Superintendent for Business and Operations is authorized to make budget transfers between line item accounts so long as the transfer for any one item does not exceed $7,500. The Superintendent of Schools is authorized to make budget transfers between line item accounts so long as the transfer for any one line item falls within the amounts of $7,501 and $25,000. All transfers in excess of $25,000 require prior Board of Education approval.

Ref: Education Law §1718

8 NYCRR § 170.2

Adoption date: November 22, 1993

Revised: February 28, 2008

Revised: January 17, 2023