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Committee hears explanation of fund-balance policy; two-month reserve described as floor, not a ceiling
3511523 · May 12, 2025
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Summary
The committee discussed policy DFAC on fund balance, heard that a two-month operating reserve is standard practice, and noted the size of reserves can vary; legal counsel said the policy is appropriate and not a legal issue.
The Colleton County School District policy committee reviewed policy DFAC on the district fund balance and heard from legal counsel and a board advisor that a two-month operating reserve is a commonly recommended floor, not a spending ceiling.
Doctor Bagley told the committee that the general practice is to keep a two-month…
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