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Board holds first reading of proposed Policy 5512 on reserves
Summary
Trustees conducted a first reading of Policy 5512 (Reserves), noting the Erie 1 draft shows no major changes; a second reading will be scheduled before any action.
At the Feb. 10 meeting the Board completed a first reading of Policy 5512, addressing reserves. Board members were told the Erie 1 draft contains no major alterations from the district's current language and that the policy will return for a second reading at the next meeting before any possible adoption.
The minutes record that the recommendation was to accept the policy for first reading. No vote to adopt the policy was taken; trustees will review any additional input and legal guidance ahead of the second reading and potential approval.
