4:20 - Budgetary Funds

Policy 4:20
Business and Non-Instructional Operations
 

Fund Balances

The Superintendent or designee shall maintain fund balances adequate to ensure the District’s ability to maintain levels of service and pay its obligations in a prompt manner in spite of unforeseen events or unexpected expenses. The Superintendent or designee shall inform the Board whenever it should discuss drawing upon its reserves or borrowing money.

Days Cash on Hand

Wilmette School District 39 will strive to maintain 180 days Cash on Hand as defined in the Financial Profile Summary of the Illinois State Board of Education Annual Financial Report.

Adopted: December 12, 2011
Revised: November 12, 2018; November 14, 2022

 

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