3100-R1 General Fund Ending Fund Balance Targets

Adopted 6/16/09

Revised
8/19/13
1/26/17

The District recognizes that reserves in the General Fund serve to protect the financial stability of the District in the event of unforeseen liabilities. However, the resources of the District are primarily intended to meet the current needs of students and the expectations of the community, and a fund balance that is higher than necessary limits the funds available for the educational program and operating budget in any given fiscal period.

To provide an adequate but not excessive reserve, the Board of Directors has established a target committed to minimum fund balance of 4% of total expendituresin the General Fundfor the ending fiscal period.

In the event carryover committed to minimum ending fund balance in any given fiscal period is less than the targeted minimun of 4% of total actual expenditures, District staff shall prepare an operating budget proposal for Board consideration for the next fiscal period to restore the ending fund balance to that minimum level.

Final authority for the approval of a financial plan rests with the Board of Directors, who may adopt an operating budget with an estimated total ending fund balance at the level they deem appropriate for any fiscal period.


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