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Board revises fiscal‑policy language amid state cap concerns; agrees minimum unassigned fund reference
Summary
During a second reading of Policy DA, trustees debated removing a bullet requiring two months of expenditures in reserves because of state caps; the board approved revised language referring to maintaining a minimum unassigned fund balance at pre‑1997 levels and asked staff to refine numeric language for the next meeting.
The Teton County School District #1 board held a detailed discussion Aug. 13 about Policy DA — fiscal management and goals — focusing on whether to retain a provision that would maintain two months of budgeted expenditures in unassigned reserves.
Director Mayo reminded trustees that prior discussions had recommended removing that bullet after board review; Trustee Mead and staff said meeting the two‑month…
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