20-15-321. Current unrestricted subfund cash reserve. At the end of each school fiscal year the board of trustees of a community college district may designate a portion of the current unrestricted subfund end-of-the-year cash balance as a cash reserve for the purpose of paying current unrestricted subfund warrants issued by the district from July 1 to November 30 of the ensuing school fiscal year. The amount of the current unrestricted subfund cash balance that is earmarked as cash reserve may not exceed 10% of the final general fund budget for the ensuing school fiscal year.
History: En. Sec. 3, Ch. 488, L. 1989; amd. Sec. 24, Ch. 351, L. 2021.
Structure Montana Code Annotated
Chapter 15. Community College Districts
20-15-301. Sources of financing for and types of capital expenditures
20-15-304. Federal and state aid
20-15-305. Adult education tax levy
20-15-310. Appropriation -- definitions
20-15-312. Review and approval of annual operating budget
20-15-314. Tax levy for community college service region
20-15-315. Funding for new community college district
20-15-316. Operating levy for community college districts created on or after January 1, 2021
20-15-317. through 20-15-320 reserved
20-15-321. Current unrestricted subfund cash reserve
20-15-323. Definition of emergency for budgeting purposes
20-15-324. Resolution for emergency budget -- petition to board of regents
20-15-325. Emergency budget limitation, preparation, and adoption procedures
20-15-327. Revenue-producing facilities -- powers of board of trustees