6022 Policy – Minimum Fund Balance

Bellingham Public Schools recognizes the importance of maintaining a sufficient fund balance in each of its funds to assure sound financial practices, provide program stability, and obtain excellent bond ratings. Accordingly, the district adopts this policy in regards to those portions of fund balance that are in spendable form but are not legally restricted as to their use from outside sources. 

Annually, the superintendent or designee will present a general fund budget that includes a commitment of at least three percent (3%) and within a range of three (3) to five (5) percent of the current year’s General Fund expenditures towards a minimum fund balance.

Cross References:

Policy 6020 - System of Funds and Accounts

Policy 6040 - Expenditures in Excess of Budget

Legal References:

RCW 28A.320.070 School District as Self-insurer – Authority

RCW 28A.505.130  Budget – Requirement for Balancing Estimated Expenditures

RCW 28A.505 School District Budgets

Adopted/Previous Revisions: 11/6/08; 12/08/11; 02/14/13; 11/09/15

Revised: 10/24/25

Superintendent or Board Approved: Superintendent Approved