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Finance director proposes shifting fund-balance policy to general-fund reserves, board to route edits to policy team
Summary
Mr. Andrews recommended changing DBDB to focus on budgeting general-fund reserves (example target 8% with a minimum unappropriated 4%) rather than a flat 10% of all funds; the board asked staff to run the edits through policy team and bring a first reading.
Mr. Andrews (speaker 17) presented proposed language changes to policy DBDB (fund balance), arguing the current policy’s requirement for a 10% ending fund cash balance across all funds is impractical given the district’s mix of funds and grant rules. He recommended focusing the policy on the general fund and annually budgeting general-fund reserves with a minimum range (for example, 4–8% with an 8% planning target) and distinguishing unappropriated ending fund balance from operational contingency.
Board members responded favorably to the more planning-oriented language and asked staff to route the suggested edits through a policy-team meeting before bringing a first reading to the board. Mr. Andrews noted this approach better aligns reserves with typical school-district budgeting practice and provides a proactive planning lens.
