WAYNE CENTRAL SCHOOL DISTRICT BOARD OF EDUCATION MEETING AGENDA DATE: April 27, 2005 TIME: 7:30 p.m.
He noted that the school district presently has the following reserve funds in place: Capital Reserve Fund: This reserve fund is designed to set aside funds for future capital improvements of school facilities.
School Bus Purchase Reserve Fund: With approval of the voters of the district, the Board of Education can establish this reserve fund to set aside funds for future purchase of school busses.
Unemployment Insurance Reserve Fund: This reserve fund is established to pay claims against the school district for unemployment insurance.
Employee Retirement Benefits Reserve Fund: This reserve fund is new in the past five (5) years and ...
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