School Budget - Fund Balances

An overview of Fund Balances in the Wasatch County School District continues to show a large unassigned, undesignated, or otherwise unallocated funds which have been found for years in budgets.

From the Rules on Fund Balances (see other post) it appears that the limit on the unassigned General Fund Balance (aka Maintenance and Operation) should be 5% of the $35 million total or $1,750,000.

These are the figures for 30 June 2011 from the current budget:

	Fund balance	Purpose
General Fund	$5,664,646	Unassigned
Student activity	None
NonK-12	$476,040	Unassigned
Debt Service	$2,600,897	Unassigned
Capital Projects	$4,623,809	Retracted=capital Outlay
Building Reserve	None
Food Service	$22,878	Unassigned
Other Funds	$44,519	Unassigned
	$13,432,789