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Las Vegas City Public Schools to include $1.5M emergency reserve in proposed $19.35M budget
Summary
A board speaker said the district will add a $1.5 million emergency cash reserve to the proposed $19,351,790 budget and budget it now because funds would not be accessible until after July; the transcript does not record a formal vote.
Las Vegas City Public Schools will include a $1,500,000 emergency cash reserve in the proposed budget, bringing the total to $19,351,790, a board speaker identified in the transcript as Elaine said.
The speaker said the reserve had been discussed at the prior board meeting and that the district is budgeting it now because access to the funds would not be available until after July. A board member asked whether the $1.5 million was a requirement of “BED” and whether that amount represented the 5% reserve; the transcript records the question and an affirmative that the district is budgeting the amount but does not clarify what “BED” stands for or whether it imposes a legal requirement.
No motion language, mover/second, or vote tally appears in the transcript for this budget adjustment. The discussion in the provided segments focused on the numeric addition and timing for accounting; the transcript does not show a recorded formal adoption or final board vote on the budget amendment.
The next procedural steps or any scheduled vote are not recorded in the provided transcript segments.
