- Last Updated: 30 June 2021 30 June 2021
|Policies and Regulations||NEPN Code: DFAB
Fund Balance and Carryover Funds
The School District shall maintain a cash reserve adequate to meet the cash flow requirements of the District. Annually during the budget process the administration reviews the current cash reserve and makes recommendations to the School Board as to the amount of cash reserve that should be maintained for the coming year.
The Business Manager or designee shall classify the District’s fund equity into the following components: Nonspendable, Restricted, Committed, Assigned, and Unassigned in accordance with generally acceptable accounting practices, subject to the approval of the Board with the annual June 30 Business Manager’s report.