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”).