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Yelm Community Schools board authorizes temporary dip below 5% fund balance; approves routine consent items
Summary
The Yelm Community Schools Board on April 17 approved Resolution 52425 to allow the district to go below the 5% minimum fund balance temporarily, saying the move will let the district avoid deeper cuts after a failed levy. The board also approved routine consent items including minutes, contracts, gifts and travel.
Yelm Community Schools Board of Directors on April 17 approved Resolution 52425, a temporary reduction of the district's minimum fund balance policy that allows the district to go below the policy's 5% minimum for the current year. Board members also approved routine consent items including minutes, individual contracts, acceptance of gifts, out-of-district travel, vouchers/payroll and facility and financial reports.
Superintendent said the change gives the district authority "to go below that 5%" and that, because of that flexibility, "that's fewer cuts that we have to make." The superintendent said the board will revisit the policy next year if needed.
The vote followed discussion in which staff and board members framed the…
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