Policy 807 - Working Capital Reserve Policy


In order to maintain adequate working capital, the Business Manager will forecast and report annually to the Board of Directors the solvency ratio. The board and district administration shall establish desired acceptable ranges for the solvency ratio and may use statewide (IASB) benchmarks for solvency ratios as a guide. If the solvency ratio is forecast to be under acceptable ranges, the board may direct district administration to review expenditure levels.

Adopted: 6/19/95
Modified: 11/19/07; 05/20/13
Reviewed: 6/5/95; 1/18/99; 11/05/07; 05/06/13; 07/16/18

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