Common use of Fund Balances Clause in Contracts

Fund Balances. The Superintendent or designee shall maintain fund balances adequate to ensure the District's ability to maintain levels of service and payits obligations in a prompt manner in spite of unforeseen events or unexpected expenses. The Superintendent or designee shall inform the Board whenever it should discuss drawing upon its reserves or borrowing money. CROSS REF.:4:10 (Fiscal and Business Management), 4:80 (Accounting and Audits) Adopted: September 19, 2019

Fund Balances. The Superintendent or designee shall maintain fund balances adequate to ensure the District's ability to maintain levels of service and payits pay its obligations in a prompt manner in spite of unforeseen events or unexpected expenses. The Superintendent or designee shall inform the Board whenever it should discuss drawing upon its reserves or borrowing money. The School District seeks to maintain year-end fund balances no less than the range of 10 percent of the annual expenditures in each fund. CROSS REF.:4:10 (Fiscal and Business Management), 4:80 (Accounting and Audits) Adopted: September 19, 20197/18/2018 9:22:33 AM

Fund Balances. The Superintendent or designee shall maintain fund balances adequate to ensure the District's ability to maintain levels of service and payits pay its obligations in a prompt manner in spite of unforeseen events or unexpected expenses. The Superintendent or designee shall inform the Board whenever it should discuss drawing upon its reserves or borrowing money. The School District seeks to maintain year-end fund balances no less than the range of 10 percent of the annual expenditures in each fund. CROSS REF.:4:10 (Fiscal and Business Management), 4:80 (Accounting and Audits) Adopted: September 19July 18, 20192018

Fund Balances. The Superintendent or designee shall maintain fund balances adequate to ensure the District's ability to maintain levels of service and payits pay its obligations in a prompt manner in spite of unforeseen events or unexpected expenses. The Superintendent or designee shall inform the Board whenever it should discuss drawing upon its reserves or borrowing money. The School District seeks to maintain year-end fund balances no less than the range of 15 to 20 percent of the annual expenditures in each fund. CROSS REF.:4:10 (Fiscal and Business Management), 4:80 (Accounting and Audits) Adopted: September 19July 17, 20192018

Fund Balances. The Superintendent or designee shall maintain fund balances adequate to ensure the District's ability to maintain levels of service and payits pay its obligations in a prompt manner in spite of unforeseen events or unexpected expenses. The Superintendent or designee shall inform the Board whenever it should discuss drawing upon its reserves or borrowing money. The School District seeks to maintain year-end fund balances no less than the amount required to maintain positive financial recognition from the State Board of Education. CROSS REF.:4:10 (Fiscal and Business Management), 4:80 (Accounting and Audits) Adopted: September 19ADOPTED:October 21, 20192013

Fund Balances. The Superintendent or designee shall maintain fund balances adequate to ensure the District's ability to maintain levels of service and payits obligations in a prompt manner in spite of unforeseen events or unexpected expenses. The Superintendent or designee shall inform the Board whenever it should discuss drawing upon its reserves or borrowing money. CROSS REF.:4:10 REF.: 4:10 (Fiscal and Business Management), 4:80 (Accounting and Audits) Adopted: September 19October 16, 20192018

Fund Balances. The Superintendent or designee shall maintain fund balances adequate to ensure the District's ability to maintain levels of service and payits obligations in a prompt manner in spite of unforeseen events or unexpected expenses. The Superintendent or designee shall inform the Board whenever it should discuss drawing upon its reserves or borrowing money. CROSS REF.:4:10 (Fiscal and Business Management), 4:80 (Accounting and Audits) Adopted: September 1917, 2019