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Board asks staff to draft fiscal-stabilization policy; staff to return with 3% supplemental proposal
Summary
Deputy Superintendent Jennifer Stall presented a draft board policy to create a fiscal stabilization (rainy-day) account above the state-required reserve. Trustees discussed target levels and governance and directed staff to return with policy language showing a 3% supplemental account for consideration on May 28.
Deputy Superintendent for Business and Operations Jennifer Stall presented a draft vision for Board Policy 31000 that would establish a fiscal stabilization account in addition to the state-mandated reserved balance. Staff described the fund as a reserve for economic uncertainty or urgent events — for example, midyear state revenue shortfalls or disaster-related costs — and outlined options for how the board might establish, use and restore the account.
Stall summarized fiscal mechanics and showed illustrative…
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