Fund Reserve Policy

The Board shall establish a fund reserve for the purpose of improving its credit rating by assigning to a designated fund reserve any revenue that becomes available due to property tax receipts above three percent growth over the previous fiscal year but less than five percent growth.

The Board may assign any additional amount it deems wise and prudent and may draw down on such fund reserve due to extraordinary circumstances, upon the recommendation of the Superintendent and approval of the Board, following an opportunity for public input.