File #: 18-0645    Version: 1 Name: Budget and Finance Committee - Progress Report - Implementation - BP 3100.1 - Financial Reserves
Type: Discussion Item Status: Committee, Unfinished Business
File created: 3/20/2018 In control: Budget and Finance Committee
On agenda: 5/16/2018 Final action:
Enactment date: Enactment #:
Title: 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?
Attachments: 1. 18-0645 Budget and Finance Committee - Progress Report - Implementation - BP 3100.1 - Financial Reserves

Title

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?