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District targets 20%–22% fund balance; surplus would restore reserves or go to capital maintenance
Summary
Administration reported the district's fund-balance percentage has declined and that it is targeting a fund balance between 20% and 22%; if the current year ends with a surplus priority would be restoring fund balance and excess could transfer to Fund 46 (Capital Maintenance).
Administration told the committee that the district's fund-balance percentage has declined because expenditures have increased while fund-balance dollars remained relatively stable. The administration continues to target a fund balance between 20% and 22 percent.
If the current year ends with a surplus, administration said priority would go to restoring fund-balance levels. Administration added that any excess beyond target levels could potentially be transferred to Fund 46 (Capital Maintenance). Committee members also heard a brief enrollment update: enrollment is stable or slightly increased and open enrollment trends are positive, which may affect future budget planning.
