FUHSD cash flow concerns lead to borrowing actions

Trustees of Fallbrook Union High School District (FUHSD) have approved a resolution that will allow for the use of special or restricted money. In addition, the board also approved a resolution on Sept. 13 requesting a temporary transfer of funds from the San Diego County Treasury.

According to FUHSD chief business officer Wilson Hatcher, moving the money from one account to another is merely to address a “cash flow situation” caused by the delay in school payment by the state.

“This is a short term borrowing to address our cash flow situation, not a permanent move of money from one account to...