The Plymouth Community School Corporation is transferring some unused money into its Rainy Day Fund. Last week, the school board approved a resolution to transfer $150,000 from the Capital Projects Fund.
Business Manager Kandi Tinkey said it’s part of a goal set by the board back in 2016 to build up the Rainy Day Fund to $3 million over the coming years. A similar transfer was approved last year.
The resolution notes that the Capital Projects Fund has a cash balance of over $900,000, with more than $500,000 of that being unused and unencumbered funds.
