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Board adopts policy advisory updates and a fund balance target of 8% as a reserve guideline
2905181 · April 9, 2025
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Summary
The governing board approved the second reading of Policy Advisory 809–818 and adopted a fund balance policy that sets an 8% fund balance target as a district guideline for reserves to support rating agency reviews and bond considerations.
The Yuma Elementary School District 1 governing board adopted policy advisory updates (809 through 818) and approved a fund balance policy that sets an 8% fund balance target as a district guideline.
District counsel and staff presented the policies on second reading and described the changes as largely language cleanup to align with Arizona…
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