DBDA: General Operating Contingency

Code: DBDA

Adopted: 6/08/11

Revised/Readopted: 6/14/17

The general operating contingency will be established at an amount deemed sufficient by the board to responsibly enable the district to meet unforeseen financial needs due to emergencies and changing district needs. The amount will be established by the board during the budget development process.

A transfer from the general operating contingency may be recommended by the superintendent for board approval. The need, purpose and amount of the transfer shall be duly recorded.

END OF POLICY

Legal Reference(s):

ORS 294.305 to-294.565

OAR 150-294.388(7)