The Bethalto School Board, at it's regularly scheduled meeting last night, approved a transfer of 1.2 million dollars from the Operations and Maintenance Fund to the Education fund. Currently the Education fund is in the negative and to maintain current programs and start the fiscal year, the Board unanimously approved the transfer.
Dr. Barret Deist, the business manager for the Bethalto School District, told the Big Z, that due to uncertain state funds, the district had to balance the Education fund.
Click Here For Deist's Comment
Dr. Deist said that as of right now the transfer is viewed just as a loan, that is intended to be paid back into the Operations and Maintenance Fund.