RECEIPTSAdd your district

Printed from https://districtreceipts.netlify.app/decisions/2026-05-12-strategic-reserve-fund/ on October 18, 2026. An independent project; every source is linked on the page.

All decisions
General budgetSchool year 2025-26

Create a strategic reserve fund (Fund 17)

IN SHORT

Goal: Money is added to Fund 17 from sources like unexpected savings and extra interest earnings, without adding to the general fund's burden.

Status: Not yet due. It will be checked against public reports on September 15, 2027.

The board created a Special Reserve Fund for Other Than Capital Outlay (Fund 17) to build a strategic reserve. The district pointed to its status as a community-funded district, which relies mostly on local property taxes, and said the fund would protect against unexpected changes in revenue, costs, or enrollment.

  1. Brief

  2. Receipt (current stage)

  3. Stamp

01

Brief

What the board was deciding. Budget words explained

Meeting
May 12, 2026, agenda item 15.2
Board Agenda, May 12, 2026 (item 15.2)(opens in a new tab)
Vote
Approved
  • Ayes: not recorded
  • Noes: not recorded
  • Abstain: not recorded
  • Absent: not recorded
Signed Board Minutes, May 12, 2026, p. 10(opens in a new tab)
Cost or savings
The district stated there is no fiscal impact from creating the fund.
Signed Board Minutes, May 12, 2026, p. 10(opens in a new tab)
Options considered
No alternatives were listed in the documents reviewed.
Who is affected
Not specified in the documents reviewed.

02

Receipt

What the district said, word for word.

  1. GOAL 01

    “This fund will be used to build a strategic reserve using funding sources that do not place a greater burden on the General fund, including unanticipated cost savings, interest earnings in excess of prior year returns, and the use of other funding outside the General Fund to generate unrestricted income revenue.”

    Agenda item 15.2, Background · Signed Board Minutes, May 12, 2026, p. 9(opens in a new tab)

    In plain words
    Money is added to Fund 17 from sources like unexpected savings and extra interest earnings, without adding to the general fund's burden.
    Estimated amount
    No dollar amount stated
    How it will be checked
    Fund 17's balance, and the transfers into it, in the 2026-27 Unaudited Actuals.

REVIEW DATE

September 15, 2027()

Receipts default rule: when the district publishes what it actually spent in 2026-27 (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

    Source, p. 10(opens in a new tab)

  2. TODAY

  3. Review due (Receipts default rule) (upcoming)

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.

Not yet due.

This receipt comes due on September 15, 2027(). It will be checked against public documents then.

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, May 12, 2026 (item 15.2) (opens in a new tab)
  2. 2.Signed Board Minutes, May 12, 2026 (opens in a new tab) · pages 9, 10
  3. 3.2024-25 Unaudited Actuals Presentation, September 9, 2025 (community-funded status explained) (opens in a new tab) · page 7

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

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Cite as: Receipts. "Create a strategic reserve fund (Fund 17)." Huntington Beach City School District decision record, last updated October 5, 2026. https://districtreceipts.netlify.app/decisions/2026-05-12-strategic-reserve-fund/

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