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Board asks Business Committee to study modest increase to fund-balance goal
Summary
Board members discussed the district’s fund-balance target on March 4 and asked the Business Committee to review whether a marginal increase is appropriate; they did not support a large increase and took no immediate action.
The Saint Peter Public Schools Board discussed its fund-balance goal during a March 4 study session and asked the Business Committee to examine whether a modest increase is warranted.
At its February meeting the Business Committee recommended the full board consider the district’s fund-balance target. Board members said a marginal increase may be appropriate but they did not believe a significant increase was necessary; they directed the Business Committee to review the issue in more detail at its March 11 Business Committee meeting.
No formal change to the district’s fund-balance policy was adopted at the study session. The item will return to committee for additional analysis and any recommendation will be brought back to the full board.
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