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Trustees resend Resolution 2026-04 after treasurer’s review of reserves
Summary
Treasurer Terry Zimmerly reported reserves were moved into savings per auditor guidance, set the Reserve amount at $150,000, and the board voted unanimously to resend Resolution 2026-04 to reflect the change.
During the May 27 meeting, Treasurer Terry Zimmerly told trustees the district’s reserve funds had been placed into the savings account and that auditors advised the board to stop transferring funds among accounts to manage overages. Zimmerly said the change makes the reserve allocation visible within the savings account and recommended leaving the Reserve amount at $150,000.
Following his presentation, Zimmerly moved to resend Resolution 2026-04 to reflect the accounting change. The motion was seconded and passed unanimously. Trustees discussed the presentation and the auditing guidance that prompted the accounting change.
