HRD Reserve Account Policies

The District maintains five assigned Fund Balance Reserve Accounts:

1. Appropriated for Contingencies:  This account shall not exceed 15% of the annual operating budget.
2. Capital Reserve:  This account holds funds for large capital improvement projects only.
3. General Reserve: This account holds funds for general use.
4. EEC Building Reserve:  This account holds funds intended for the specific purpose of early repayment of the Certificates of Participation incurred for EEC Building construction.
5. Building Renovation Reserve:  This account holds funds intended for the specific purpose of funding the renovation and recommended seismic/ ADA upgrades to the original building (gym, social room, restrooms, pathway)