Section 4 - Operational Services

  • Policy 4:20

     

    Fund Balances

    The Superintendent or designee shall maintain fund balances adequate to ensure the District’s ability to maintain levels of service and pay its obligations in a prompt manner in spite of unforeseen events or unexpected expenses. The Superintendent or designee shall inform the Board whenever it should discuss drawing upon its reserves or borrowing money.

    The School District seeks to maintain year-end fund balances of 25 percent of the annual expenditures in each fund.

    The School District shall pass a balanced budget each year. 

    CROSS REF.:          4:10 (Fiscal and Business Management), 4:80 (Accounting and Audits)

    ADOPTED:             June 18, 2018