FILE:  DCF

FUND BALANCES

The Franklin Parish School Board, in order to protect the financial integrity of school operations, desires to maintain an adequate fund balance.  The School Board also desires that the fund balance should be large enough to continue the school system’s daily operations during a financial adjustment period for declining revenues and/or increasing expenditures.

Therefore, the School Board sets the minimum fund balance for the General Fund as not to drop below ten percent (10%) of the General Fund’s total annual expenditures.  Every effort should be made to maintain the General Fund’s fund balance within these limits.  The use of General Fund balance below the established minimum limit of ten percent (10%) shall only be for unanticipated or unforeseen events of a non-recurring nature, as may be approved by the School Board.

Revised:  May 2, 2023

Ref:    La. Rev. Stat. Ann. §§17:81, 17:88, 17:89

Board minutes, 5-2-23

Franklin Parish School Board