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ORANGE COUNT . <br /> HOARD. OF CO �'�1ISSIONERS ACTION AGLi'Or'� <br /> ACTION AGP:PEUA ITEK ABSTRACT ITEM 11014_4__L <br /> • MEETING DATE •Fchriar418, 1986_- , 156 <br /> SUBJECT : School Fund Balance Policy - <br /> DEP,IRTi iEC;T: Finance ' I PUBLIC HEARING: YES X PzO <br /> ATTACI IEP:_r($) - IPIFORFIAI IQ�! CONTACT_ Finance Director <br /> ext. 496 <br /> .Recommended Policy on Fund Balance PHONE NUMBERS HILLSBOROUGH - 73?-818- <br /> of School Systems. .1 HILLSBOROUGH �,�2-93S- . <br /> ' CHAPEL HILL — 967•-925; <br /> • <br /> ' IIEBANE - 227--203' <br /> • DURHAM - 688-733 <br /> PURPOSE: It was decided at the last budget session for 1985-86 'that a policy be <br /> developed 'regarding the level of _fund balance available but unappropriated _ <br /> • <br /> that .should be maintained by the two school systems. The attached recommend= <br /> • • ation is a follow-up to that decision. • - <br /> • <br /> • <br /> . <br /> NEED: Each year during the budget deliberations, the question arises as to the _ _ <br /> appropriate amount of fund balance available but unappropriated that each <br /> school system should maintain. .A predetermined level that has been agreed <br /> upon by the County CommiSsioners .and the Boards of Education Would simplify-- <br /> the process to determine the County's appropriations for the schools. <br /> . I • <br /> • <br /> IMPACT: <br /> • <br /> RE C•C) ' " END ATI U. (S) : Adopt the policy as outlined in the attached recommendation. <br />