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Avon board adopts Policy 5512 (Reserves) on second reading
Summary
Following a second reading, the board adopted Policy 5512: Reserves by unanimous vote of members present; the policy will guide how district reserve funds are managed.
The Avon Board of Education completed a second reading and adopted Policy 5512: Reserves at its Feb. 26 meeting. The motion to adopt the policy was made by Jim Colt and seconded by Steve Comeau; the vote was recorded as 4 Ayes, 0 Nays, 1 Absent (K. Vanderbilt), and the motion carried.
Administrators previously discussed projections showing use of reserves in the coming years and the policy adoption provides a governance framework for how the district will define and use reserve funds going forward. The adopted policy will be reflected in the district policy manual and posted with board policy documents.
