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Board discusses setting a 5%–8% unassigned fund balance, updates policies after ESSER audit
Summary
At an October meeting the Southern Columbia Area School District reviewed a proposed update to Policy 6‑20 to set a 5% minimum and 8% maximum unassigned general fund balance, and introduced Policy 8‑30 on breach notification after ESSER audit recommendations. Staff provided account snapshots and asked the board to consider assigning surplus to capital projects such as solar and turf replacement.
President Davis opened the policy review portion of the meeting to address a set of changes prompted by the district’s ESSER audit and routine code updates.
The board considered renaming Policy 6‑20 from “capital reserve fund” to “fund balance,” and discussed adding numeric guidance that would ask the district to strive to maintain an unassigned general fund balance of no less than 5% and no more than 8% of budgeted expenditures. The 8% ceiling was described as a state threshold; the 5% figure was presented as a local target to improve financial stability. The…
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