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F6 Can a district budget audited excess surplus as a deposit into capital reserve?

April 26, 2017audited budget Capital deposit district excess F6 Reserve surplus

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F6 Can a district budget audited excess surplus as a deposit into capital reserve?

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No. As required since the passage of CEIFA in 1996, audited excess surplus must be budgeted on line 121, budgeted fund balance, and cannot be transferred to capital reserve. Additional Spending Proposals (revision to N.J.S.A.