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Finance director says 10% reserve is reasonable; board hears estimates for Manchester school district
2772398 · March 24, 2025
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Summary
Finance staff recounted auditor guidance that a reserve around 10% of the district budget is reasonable; board members discussed earlier comments suggesting 15% as a conservative benchmark and reviewed current and projected reserve totals.
The Manchester School Committee on March 24, 2025, heard from the district finance director that an auditor advised a reserve target of "at least 10%" for a district of Manchester's size. The finance director, identified in the meeting as Karen, told the committee she had discussed the…
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