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CHISD amends fund-balance policy to require three months of operating reserves
Summary
The Board approved revisions to Board Policy CE (LOCAL) to require a minimum fund balance equal to three months of operating expenses and to require a restoration plan if reserves fall below that level.
The Chapel Hill ISD Board unanimously approved revisions to Board Policy CE (LOCAL) clarifying fund-balance expectations. Clint McLain said the amendment establishes a minimum fund balance equal to three months of operating expenses and requires that, if the balance drops below that level, administration present a plan to the Board showing steps to restore the reserve.
Board members approved the local policy revision during the meeting (motion by Hershal Massenburge, second by Dr. Amy Hayes; vote: Yea 4, Nay 0, Absent 3). The change follows the district's recent capital decisions and is intended to codify financial monitoring and recovery steps for the Board and administration.
