Any variance below the 15% must be specifically identified and reported to the Board for approval. Minimum fund balance deficiencies shall be replenished at a timeline determined by the Board of Trustees. The following budgetary strategies shall be utilized by the District to replenish funding deficiencies:
- The District will reduce recurring expenditures to eliminate any structural deficit; or
- The District will increase revenues or pursue other funding sources; or
- Some combination of the two options above.