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Highlands Recreation District Financial Reserves Policy 

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)
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