Thu Aug 22 2024, 6:30pm
WHS Room 1204
Regular Meeting

DISCUSSION ITEMS

Target Fund Balance

The Woodland School Board has traditionally aimed to maintain a fund balance between 8% and 10%, ensuring sufficient monthly cash flow to cover points in the school year when revenues fall short of expenditures. This year, our budget reflects a decrease in the fund balance as we continue to manage the impact of the levy loss. However, with the full levy funding restored next year, would you like us to return to this targeted fund balance? Additionally, would you consider establishing this target as a board policy to guide future budgets?