Meeting Time: April 04, 2018 at 6:00pm PDT
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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?