Hinckley-Finlayson Public Schools
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HINCKLEY-FINLAYSON PUBLIC SCHOOLS
FUND BALANCE POLICY
POLICY # 705
 
PURPOSE
 
The purpose of this policy is to define a district financial posture of maintaining an adequate fund balance in the unreserved general operating funds. * A fund balance allows the district to meet unforeseen contingencies such as enrollment shifts, unfunded state and federal mandates, economic downturns, increased utility costs, inflation, and salary settlements.
 
*The unreserved general operating fund balance is defined as the sum of the balances in the general, food service and community services funds.
 
GENERAL STATEMENT OF POLICY
 
It is the policy of this school district that adequate fund balances be maintained in the unreserved general operating funds.  It is the policy of this school district to supplement the food service and community service funds with general fund money when those funds run a deficit.
 
FUND BALANCE ADEQUACY
 
The Board of Education’s goal is to maintain an unreserved general operating fund balance of not less than 25% of the general operating expenditures for each fiscal year.
 
If, as a result of budget planning, administration projects that the unreserved general operating fund balance will decrease below the 25% goal, the superintendent shall apprise the Board of this prior to budget adoption.
 
If the superintendent projects that the unreserved general operating fund balance will decrease below 15% threshold, then the Board will initiate one of the following measures for the budget year in question to ensure that the balance does not fall below 15% reserve.
 
  1. Reduce expenditures
  2. Study ways to generate additional revenue.
  3. A combination of budget cuts and study to generate additional revenue.
 
REPORT
 
This fund balance policy will be reviewed periodically.
 
Cross References:       MSBA Service Manual, Chapter 9, Public School Finance



Approved 4/13/2015
Re-Approved 12/12/2016
Re-approved 4/9/2018

 PO Box 308, 201 Main Street East, Hinckley MN 55037 • Telephone 320-384-6277 • Fax 320-384-6135 • Hours: M-F 7am - 4:30 pm
  • ISD 2165
    • District
    • Board of Education >
      • Accomplishments and Goals
      • Board Minutes
      • School Board Members
      • Literacy Plan
      • Notices
    • Testing Information
    • Career Opportunities
    • District Office Staff
    • District Policies
    • Indian Education
    • School Year Calendar
    • Superintendent >
      • Revenue and Expenditures
    • Activities Director
    • Curriculum Director
    • Technology Director
    • Transportation
    • Achievement and Integration Plan
    • World's Best Workforce
    • MDE School Report Card
  • Community Ed
  • Schools
    • Finlayson Elementary >
      • Office and Administration
      • Early Childhood Education >
        • ECFE
        • Enrollment Forms
        • Preschool F.A.Q.
        • Pre-School Handbook
      • Kindergarten
      • First and Second Grade
      • Third and Fourth Grade
      • Fifth and Sixth Grade
      • PE/Arts & Music
      • Resource Department
      • PTO
    • Hinckley Elementary >
      • Office and Administration
      • Kindness Wall
      • Early Childhood Education >
        • ECFE
        • Enrollment Forms
        • Preschool F.A.Q.
        • Pre-School Handbook
      • Kindergarten
      • First Grade
      • Second Grade
      • Third Grade
      • Fourth Grade
      • Fifth Grade
      • Sixth Grade
      • PE/Arts & Music
      • The Inspiration Zone
      • Resource Department >
        • Title One Education
        • Special Education
      • PTO
    • Hinckley-Finlayson High >
      • Office and Administration
      • English Department
      • Fine Arts Department
      • Home and Business Department
      • Math Department
      • Physical Education Department
      • Resource Department
      • Science Department
      • Social Studies Department
      • World Languages Department
    • Empower Learning Center
    • Pine County Transition Program
  • Activities
    • HF Sports Live Stream
    • Activities Director
    • Activity Registration
    • Activities Schedule
    • Athletic Trainer
    • Winter Sports >
      • Boys Hockey
    • Extra-Curricular Activities >
      • FCCLA
      • FFA
      • GSA
      • Native American Student Association
      • Minnesota Honor Society
    • Sports Facilities
    • FAQ
    • Community Education
  • Students
    • Website Links
    • Student Handbook
    • PSEO
    • School Year Calendar
    • Subject Matters
  • Parents
    • Choice Boards
    • Jaguar Track
    • MENUS >
      • Application for Reduced meals
      • Breakfast Menu
      • Elementary Lunch Menu
      • High School Lunch Menu
    • School Year Calendar
    • School News - The Jaguar Echo
    • Enrollment Forms
    • Student Handbooks >
      • Pre-School Handbook
      • Elementary Student Handbook
      • High School Student Handbook
    • Nurse's Desk
    • ParentVue & Schoology links >
      • ParentVue
      • Schoology site
      • ParentVUE Instructions
      • Schoology Access Code
    • Social Emotional Resources
    • Technology
  • Staff
    • Time Clock
    • Staff Resources >
      • Curriculum documents
      • Email Login
      • Employee Emergency Health Information
      • Fitness Center Agreement
      • Incident Report
      • Master Agreement
      • Schoology
      • SCRED
      • Staff Software Request Form
      • Skyward
      • Social Emotional Resources
      • Sp.Ed Forms
      • Synergy
    • Tech Help Desk
    • 3CX Login
    • Request for Transportation
    • Family Medical Leave Forms
    • Flex Reimbursement Form
    • MSHSL
    • District Claim Form
    • PD Request Form
    • Support Staff Handbook
    • Elementary Staff >
      • Elementary Staff Handbook
      • HES Sub Handbook
      • FES Sub Handbook
  • This Month