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Agenda Item
18-0645 Discussion by Budget and Finance Committee of the Progress Report on implementation of Board Policy 3100.1 (Financial Reserves):
· What progress has been made on implementation of BP 3100.1? Have staff been trained on the new policy?
· The fiscal solvency board resolution directed that all one-time funds received be placed into the reserve fund. How much money will be placed into the reserve fund for 18-19, based on what we know now?
· The policy requires board permission to use reserve funds for other purposes. Are there anticipated requests coming to the board in 18-19, consistent with board policy?