Featured image of article: No. 10 – ConVal School Budget (Warrant Article 01)

by ConVal School Board Member Jim Fredrickson

February 17, 2021

The first (and most important) warrant article on your ballot determines the amount of expenses (costs) that the District can incur during the 2021-22 school year that begins July 1, 2021.   

There are some key points to keep in mind as you read the information provided below and decide to support the budget –

Read More: No. 10 – ConVal School Budget (Warrant Article 01)

Featured image of article: No. 9: Fund Balance Retention

by ConVal School Board Member Jim Fredrickson

February 10, 2021

The previous article in this series on District Finances discussed the three options for disposition of the remaining Fund Balance at the end of any given fiscal year:

  • Appropriations to Trust Funds (“Transfer”)
  • Retention of unassigned funds (“Retain”)
  • Returned to the taxpayers when they are utilized by the Department of Revenue Administration in calculating the local education tax rate (reduction of District Tax Assessment) for the following fiscal year (“Return”).

Read More: No. 9: Fund Balance Retention

Featured image of article: No. 8: ConVal Trust Funds

by ConVal School Board Member Jim Fredrickson

February 5, 2021

There are six separate Warrant Articles included on the March 9 ballot that are associated with increasing the balances of our District Trust Funds:

  • Appropriate to Special Education Reserve Trust Fund from Fund Balance
  • Appropriate to Building Capital Reserve Fund from Fund Balance
  • Appropriate to Energy Trust Fund from Fund Balance
  • Appropriate to Equipment Trust Fund from Fund Balance
  • Appropriate to Athletic Trust Fund from Fund Balance
  • Appropriate to Building Capital Reserve Fund from Fund Balance

All six of these Warrant Articles involve “Appropriations” from “Fund Balance”.

Read More: No. 8: ConVal Trust Funds