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Board discusses lowering carryover fund balance target amid current shortfall
3849470 · May 15, 2025
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Summary
Board members debated whether to lower the district's carryover / fund‑balance policy from 15–20% to a more attainable 10–15% (or lower) given current projections roughly around 8–9% and to include an exception clause for the board to approve deviations.
Board members reviewed the district budget-policy language on fund balance and discussed lowering the policy target to reflect current fiscal reality.
A board member said the current policy language specifies a 15–20% carryover balance, but the district's current projection is roughly…
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