- As a goal the Board will establish undesignated contingency funds in each annual budget, equal to one per cent (1%) of general fund operating expenditures.
- Contingency funds will only be used to fund essential unanticipated expenses which cannot be delayed to the next fiscal year.
- Identified surpluses within line items of the budget will be used first to offset unanticipated expenses. Contingency dollars will be considered funding of last resort.
- An unanticipated expense or expenses must total in excess of five thousand dollars ($5,000) over budget before contingency dollars can be appropriated.
FIRST READING: January 25, 1990
SECOND READING: February 9, 1990
ADOPTION: February 9, 1990