Why can’t the EXCEL and capital reserve funding be used to reduce the budget?
The state dictates that EXCEL funding must be used for capital improvements. The capital reserve was approved in May 2004 by the community to set aside funding for future capital improvement projects. By using this reserve for capital improvements, the district is taking full advantage of available state aid.
Related Questions
- If money is obtained from another funding source (eg Home Office to reduce crime) can it be used for other purposes?
- Where should I budget capital expenditure expenses that will be requested for replacement reserve expenses?
- What is the difference between our operating budget and our capital reserve account?
