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Board reviews proposed 600-series finance policies; fund-balance goal set to 5%
Summary
Administrators presented 17 new or updated finance policies (600 suite) and three retirements, aligning district policy with state regulations; discussion included whether to keep the previous 6% minimum unassigned general-fund floor or adopt the state's 5% guideline.
The Mount Lebanon School District board reviewed proposed revisions to the 600-series finance policies at its Feb. 10 discussion meeting, with administrators recommending adoption of 17 updated/added policies and retirement of three existing policies.
Presenters said the policy package aligns district policy with state regulations and with practices adopted by the…
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