Copyright© 2007 by School Services of California, Inc.

                                      Volume 20                   For Publication Date: August 17, 2007             No. 18

Attachment A 

Sample Resolution  

Resolution Authoring the Restriction of
Excess Reserves for Specific Purposes  

On motion of Member _____________, second by Member _______________, the following resolution is adopted:    

WHEREAS, the state Chancellor’s Office requires that each community college district maintain a minimum level of unrestricted general fund monies as an undesignated reserve, and    

WHEREAS, the ___________________ Community College District anticipates having an unrestricted reserve at the end of the 2006-07 fiscal year in excess of this minimum reserve requirement, and 

WHEREAS, the ___________________ Community College District wishes to specify the uses for the unrestricted reserve in excess of the minimum reserve requirement,    

NOW, THEREFORE, BE IT RESOLVED, that the Governing Board of the __________________________Community College District hereby designates the amount of unrestricted monies in the 2006-07 fiscal year ending balance in excess of the minimum reserve requirements specified by the state for the following purposes:    

            1.

            2.

            3.

Approved this __________ day of __________________________, 2007.  

_______________________________________________________________

Name and title  

_______________________________________________________________

Date