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Reserve Fund Policy

POLICY TITLE: Fund Balance Policy

POLICY NUMBER: 3020.30 (Rev. 06/2023)

The District is committed to maintaining a prudent level of financial resources to protect against the need to reduce service levels because of temporary revenue shortfalls or unpredicted expenditures. Due to significant cost increases in insurance coverage, capital equipment, radios, constructing the new training facility in Greenview, building or leasing a new station on Scott River Road, plus mandatory compliance with State mandates, the District’s Minimum Fund Balance Policy requires a Reserve for Economic Uncertainties, consisting of unassigned amounts, equal to no less than $200.000.00.