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Board hears question about district fund balance; officials say end‑of‑August balance met requirement
Summary
A board member asked whether the district had dropped below its minimum fund balance; the presiding official said the district ended August at a 5.6% fund balance and that while balances dip during the year, the district must end at 5% or above when filing state financials.
During informational items, a board member raised an email from a community member asserting the district had fallen below its minimum fund balance and asked for verification.
President Maribel Margell responded that the district ended August at a 5.6% fund balance and acknowledged that balances can drop below the minimum during the fiscal year. "We end at 5% or above, which is what our board requires," Maribel Margell said, noting the board's required threshold when submitting state financials and that the submission (and endpoint) is what determines compliance with the requirement.
Board members discussed scheduling and monitoring of finances as a point of continuing attention; no formal action was taken beyond the informational report and suggestion to consider financial strategies going forward.
