The Warrick County School Corporation board approved Resolution 2025-16 to transfer $100,000 into Fund 0630 to prefund post-retirement severance obligations.

Dr. Redmay told the board that Indiana’s 2001 legislation, Senate Bill 199, requires school corporations that provide post-retirement or severance benefits to prefund those obligations. "I recommend the board approve Resolution 2025-16 allowing for the transfer of $100,000 to Fund 0630 as presented," he said.

A motion to approve the resolution was moved and seconded; the board approved the transfer by voice vote. The transfer is intended to ensure sufficient assets are available to meet severance payment obligations tracked in Fund 0630. The board did not provide a roll-call tally; the approval was recorded as carried by voice vote.

Next steps: the transfer will be processed as presented to increase Fund 0630’s assets; staff did not indicate additional budgetary offsets during the meeting.