Administrator presents draft reserve study; board to consider budget adjustment next month
A draft reserve study outlining building and capital replacement needs was presented; staff estimated about $245,000 in reserves at fiscal-year end and said they will propose a budget adjustment next month to add a reserve contribution and to account for bike‑patrol negotiations.
The full story
Administrator Holliday presented the draft SSD reserve study, which separates building assets from capital items and models replacement timelines and funding needs over 30 years. Staff noted the building reserve recommendation and estimated the district had approximately $245,000 at the end of the last fiscal year; the study uses that beginning balance to model required contributions.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.