315 - PCS Building Company Funds Distribution Procedure


PACT Charter School

Original Creation Date: April 29, 2016
Last Approved By: PACT Charter School Board of Directors
Last Approved Date: February 6, 2020
Year Reviewed: 2019-2020


  • To define a process for the usage of the Capital Improvement Fund and Excess Funds above the required fund level. If any funds are utilized and the fund level goes below the pledged fund level, the future funds would replenish the fund level minimum.
  • The fund is pledged to pay debt service in the event we are not able to meet our debt obligations.
  • The capital improvement fund must be used for the facility, and it can be either unbudgeted or budgeted repairs or replacements.
  • The defined process would be for both unbudgeted and budgeted fund distribution requests.



  • The funds should be requested in writing by Administration to the PCS Building Company Board of Directors. Documentation should be provided with the request/proposal to the Capital Improvement Fund and Excess Fund review team.
  • Members: Executive Director, School Board Chair, School Board Treasurer, and PCS Board Members.



  • The Team, as outlined in Participates, will review the Administration’s request and supporting documentation for the requested fund distribution from either the capital improvement or excess funds accounts. For traceability, distribution information would include detail of account and budget line items.
    • Unbudgeted Expenses: Provide invoices and reason for using funds verses other budgeted or general fund dollars.
    • Budgeted Expense: This would require following any large purchase process with a Bid evaluation as part of the proposal. BFC can review the bid proposals and make a recommendation during their review.
  • PCS Building Company Board of Directors to vote on Proposal.
  • The proposal would be signed by both the PACT Executive Director and PCS Building Company Board Chair. This step is required to ensure officers have to understand the expenses qualify under the law.
  • The signed proposal would go to PACT Charter School Budget Finance Committee (BFC) for either unbudgeted or budgeted expenses or projects. BFC would review the supporting documentation and recommend action on the proposal and bids if so included.
  • The PACT Charter School Board would provide action on the proposal brought forth following BFC action.
  • PCS Building Company will have two officers transfer the approved funds from either the Capital Improvement Fund or the Excess Fund Account(s).
  • A copy of the approved proposal and fund distribution detail will be recorded and provided to the annual PCS Building Company and PACT Charter School auditor.

Contact Us

PACT Charter School | District Offices
7250 East Ramsey Parkway NW
Ramsey, MN 55303 

PACT Charter School | Elementary Campus
7250 East Ramsey Parkway NW
Ramsey, MN 55303 

PACT Charter School | Secondary Campus
7729 - 161st Avenue Northwest
Ramsey, MN 55303 

Main phone line: 763-712-4200
Fax: 763-712-4201

Absence: attendance@pactcharter.org


School Hours

Elementary Campus
8:15 a.m. - 3:15 p.m. 

Secondary Campus
8:00 a.m. - 3:05 p.m. 

Office Hours

School Days
7:30 a.m. - 4 p.m. 

Non-School Fridays
7:30 a.m. - Noon

School Breaks | Summer Hours

Summer Hours
Monday-Thursday: 8 a.m. - 1 p.m.

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