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Cromwell-Wright board sees no change needed to Fund Balance Policy on review
Summary
Board members reviewed the district's Fund Balance Policy during the April 15 working meeting and determined no changes are necessary now; the policy will be reviewed again at the quarterly meeting.
Board members reviewed the district's Fund Balance Policy at the April 15 working meeting and concluded that no revisions are needed at this time. The board recorded that the policy will be reviewed again at the district's quarterly meeting.
"We see no need to change the Fund Balance Policy at this time," board members said during the financial policy review. No specific dollar amounts, targets, or formula changes were proposed during the discussion, and no motion to amend the policy was recorded.
The review was part of the meeting's routine reports; the board had earlier approved the meeting agenda and later adjourned at 6:19 p.m.
