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Board discusses reserves, extended contracts and state formula limits
Summary
Staff said the district's reserves are around 8–10% (above the state-required 3–5% but below a 16.5% government finance office recommendation) and explained how extended/261‑day contracts and state formula rules create funded/unfunded positions outside the formula.
Kristen Cameron told the board the district's reserves are approximately 8–10%—above the state's 3–5% minimum but below the 16.5% recommended by government finance advisors—and said the goal is to continue building reserves. "We do not currently have 16 and 0.5 percent," she said, citing an 8–10% current standing and a plan to increase reserves annually.
Board members pressed staff about extended contracts and how the state counts 261‑day positions: the presenter explained that while a 200‑day and a 261‑day professional position both count as 1.0 FTE for the state formula, a 261‑day service position is counted as 1.3 FTE, which complicates funding and creates positions the state does not fully fund. Staff said the district currently employs multiple professional and service positions that are outside the formula and that special education requirements contribute to positions funded locally.
