MN HF137

School districts, charter schools, and cooperative units may transfer unencumbered funds between operating fund accounts for fiscal years 2020 and 2021 only, excluding funds already assigned to staff salaries, benefits, or restricted by federal law.

School districts may redirect any reserved or restricted revenue to another use for fiscal year 2021 only upon adoption of a written school board resolution.

Transfers and revenue redirections cannot increase state aid obligations or result in additional property tax authority for the district.

School boards must approve all fund transfers before the respective fiscal year reporting deadline and maintain accounting records sufficient to document transferred funds and their use, subject to auditor review.

Fund transfers cannot interfere with federal funding requirements or the equitable delivery of distance learning or social distancing models.