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Board leans toward a 7% unrestricted / 10% overall fund-balance policy to increase fiscal cushioning
Summary
CFO Jamie Lewis proposed a fund-balance policy that would set a 7% unrestricted general-fund target and a 10% overall target; board members pressed for clearer language on how vacancy savings and one-time payments would be treated and asked staff for a breakdown of last year’s vacancy-related savings before public hearing.
The Hillsborough County School Board heard a detailed presentation of a proposed fiscal planning policy that would set district reserve targets and outline procedures if reserves fall below statutory thresholds.
CFO Jamie Lewis briefed the board on Florida Statute 1011.051 and the district’s fund-balance history, recommending a policy that establishes a 7% unrestricted general-fund balance and a 10% overall general-fund ending balance. "The district is recommending that to maintain its service to students, we…
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