Chapter 5 – Business and Finance

5.20.04 – Reserves

The board directs the chancellor and college presidents to maintain defined unit operating reserves.  The board further directs the chancellor to establish designated reserves for determined district-wide contingencies.  The board will establish specific reserve goals through their periodic strategic planning process and directs the administration to establish administrative processes to implement board goals.

The chief financial officer shall provide a report of reserve balances during the annual financial report to the board.

[Adopted 10/21/08; effective 10/21/08; Amended 10/15/13]

5.20.04  Administrative Procedures
  1. Designated Reserves 
  2. Operating Reserves