7121 - Contingency Fund Policy

Policy 7121

FINANCIAL MANAGEMENT 

Contingency Fund
The board of directors can direct the establishment and maintenance of a budget category designated as the contingency fund.  This fund will provide the district with the financial capability to effectively meet situations including, but not limited to, enrollment fluctuation, enactment of new legislation requiring additional expenditures, irregular tax collection, reductions in state support, etc. without adversely effecting program or personnel.

 

 

Adoption Date:           July 23, 1996