RECEIPTSAdd your district

Printed from https://districtreceipts.netlify.app/decisions/2021-09-14-reserve-policy-seven-percent/ on October 18, 2026. An independent project; every source is linked on the page.

All decisions
General budgetSchool year 2021-22

Raise the district's budget reserve goal to 7%

IN SHORT

Goal: The district keeps a reserve of at least 7% of general fund spending.

Result: Goal met. Public documents show the goal was met.

The board updated its budget policy to keep a larger safety cushion: a reserve equal to at least 7% of general fund spending, up from 5%. The district said a bigger reserve would help it handle uncertainty as it moved to being funded mainly by local property taxes.

  1. Brief

  2. Receipt

  3. Stamp (current stage)

01

Brief

What the board was deciding. Budget words explained

Meeting
September 14, 2021, agenda item A-20
Board Agenda Packet, September 14, 2021 (item A-20), p. 117(opens in a new tab)
Vote
Approved
  • Ayes: 5
  • Noes: 0
  • Abstain: not recorded
  • Absent: not recorded
Board Minutes, September 14, 2021, p. 3(opens in a new tab)
Cost or savings
The district stated the change would increase the reserve for economic uncertainties to at least 7% of general fund expenditures and other financing uses. The state minimum for the district is 3%; the board had raised its own goal to 5% on November 17, 2020.
Board Agenda Packet, September 14, 2021 (item A-20), p. 117(opens in a new tab)
Options considered
No alternatives were listed in the documents reviewed.
Who is affected
  • The district's general fund: More money is set aside each year as a reserve instead of being budgeted for spending, to protect programs against revenue shortfalls and unexpected costs.Source, p. 117(opens in a new tab)

02

Receipt

What the district said, word for word.

  1. GOAL 01

    “Increase the reserve for economic uncertainties to at least seven percent of the general fund expenditures and other financing uses.”

    Agenda item A-20, Fiscal Impact · Board Agenda Packet, September 14, 2021 (item A-20), p. 117(opens in a new tab)

    In plain words
    The district keeps a reserve of at least 7% of general fund spending.
    Estimated amount
    No dollar amount stated
    How it will be checked
    Each year's Unaudited Actuals agenda item lists the reserves set aside in the general fund ending balance, including the board policy reserve and the reserve for economic uncertainties.

REVIEW DATE

September 15, 2023()

Receipts default rule: when the district publishes what it actually spent in 2022-23 (its "Unaudited Actuals" report).

The district didn't name a review date, so Receipts uses the date the district reports actual spending for the first full year after the change. How review dates work

03

Timeline

What happened, in order.

  1. Board vote: Approved 5–0

    Source, p. 3(opens in a new tab)

  2. Review due (Receipts default rule)

  3. Stamped: Goal met

  4. TODAY

04

Stamp

How did it turn out? What the stamps mean

Stamps describe what public documents show. They are never a judgment of anyone's work or intentions.

Goal met

Stamped October 5, 2026 · Every quote checked against its source · Approved by a person before publishing

The district's 2022-23 year-end report (Unaudited Actuals, approved September 12, 2023) lists a "4% Board Policy Reserve" of $3,154,626 and a "Reserve for Economic Uncertainties (3%)" of $2,365,970, which together equal the 7% goal. The same 4% and 3% reserves appear in the 2023-24 and 2024-25 year-end reports, and the 2025-26 report lists a 5% board policy reserve plus the 3% reserve. Percentages are the district's own labels.

Evidence

How this was decided
Goal checked
“Increase the reserve for economic uncertainties to at least seven percent of the general fund expenditures and other financing uses.”
Review date
September 15, 2023 (receipts default rule: when the district publishes what it actually spent in 2022-23 (its "Unaudited Actuals" report))
Rule applied
"Goal met" means: Public documents show the goal was met. The five stamps
What was found
The explanation above, based on 4 documents listed under Evidence.
Reviewed
Every quote checked against its source; approved by a person on October 5, 2026.

District response

Not yet invited

When the district is invited to review this record, the date will appear here, and any response will be added in the district's own words.

New stamps: the district gets 10 business days to review a stamp before it's published. How district responses work

05

Sources

Every document used on this page.

  1. 1.Board Agenda Packet, September 14, 2021 (item A-20) (opens in a new tab) · pages 117, 120
  2. 2.Board Minutes, September 14, 2021 (opens in a new tab) · page 3
  3. 3.Board Agenda, September 12, 2023 (item 16.2, 2022-2023 Unaudited Actuals) (opens in a new tab)
  4. 4.Board Agenda, September 10, 2024 (2023-2024 Unaudited Actuals) (opens in a new tab)
  5. 5.Board Agenda, September 9, 2025 (2024-2025 Unaudited Actuals) (opens in a new tab)
  6. 6.Board Agenda, September 8, 2026 (2025-2026 Unaudited Actuals) (opens in a new tab)

Record last updated October 5, 2026. See something wrong? Send a correction.

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Cite as: Receipts. "Raise the district's budget reserve goal to 7%." Huntington Beach City School District decision record, last updated October 5, 2026. https://districtreceipts.netlify.app/decisions/2021-09-14-reserve-policy-seven-percent/

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