D-2: Working Cash Fund Transfers

Adoption Date: 09/17/90  |  Revision Date: 05/18/98  |  Revision Date: 09/23/08

Annually the Board of Trustees shall adopt a resolution which authorizes the borrowing of working cash funds by the education and operations/ maintenance funds to accommodate cash shortfalls. Such resolution shall be in compliance with the requirements set forth in Section 103-33.6 of the Illinois Public Community College Act.