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District aims to restore fund balance to 20–22% if current year ends with a surplus
Summary
Administration said the district's fund balance percentage has declined as expenditures rose; administration targets a 20–22% fund balance and would prioritize restoring reserves or transferring excess to Fund 46 (Capital Maintenance) if a surplus occurs.
Administration reported the district's fund balance percentage has declined because expenditures have increased while the fund-balance amount stayed relatively stable. Officials said they continue to target a fund balance between 20% and 22 percent and that if the current year ends with a surplus, priority would go to restoring fund balance levels.
Administration also noted that any excess funds beyond the target could be transferred to Fund 46 (Capital Maintenance). The committee did not take formal action but requested that administration include fund-balance scenarios in the forthcoming budget materials to clarify restoration options.
