7417 - Transportation Vehicle Fund Policy

Policy 7417

FINANCIAL MANAGEMENT

Transportation Vehicle Fund
The transportation vehicle fund includes the proceeds from:

A. The sale of transportation vehicles;

B. The lease, rental, or occasional use of surplus buses;

C. Depreciation reimbursement for district-owned buses;

D. Proceeds of transportation vehicle fund levies;

E. Optional transfers from the general fund; and

F. Investment funds coming from the transportation vehicle fund.

The transportation vehicle fund may be used to purchase and/or rebuild buses on a contract or cash basis.

Money may be transferred from the transportation vehicle fund to the debt service fund exclusively for the payment of debt and interest incurred by the transportation vehicle fund.  Such a transfer does not constitute a transfer of moneys from the transportation vehicle fund with the meaning of RCW 28A.160.130.

 

 

Cross Reference:         Board Policy 7413                  Debt Service Fund

Legal References:       RCW   28A.335.060               Sale of transportation vehicles

                                    WAC   392-142-260                Allowable uses of transportation vehicle
                                                                                                fund

 

 

Adoption Date:           July 23, 1996