Warrant Article 5

ARTICLE 5
Shall the Pelham School District vote to appoint the Pelham School Board as agents to expend from the Memorial Athletic Field Capital Reserve Fund (in the approximate amount of $36,217), previously established in 1981? (Majority vote required).

Recommended by the School Board
Recommended by the Budget Committee 
Recommended by the Board of Trustees

EXPLANATION: The Pelham School Board Memorial Athletic Field Capital Reserve Fund was established in 1981 from a donation by the Tennessee Gas Company and it currently has a balance of approximately $36,217. The original warrant article did not appoint an agent to expend, which is necessary for any funds to be used to further its purpose. This article corrects the oversight and appoints the Pelham School Board as agents to expend.

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