Idaho State Statutes - Idaho Attorney Directory

The board of trustees of any
school district may create and establish a general fund contingency reserve
within the annual school district budget. Such general fund contingency
reserve shall not exceed five per cent (5%) of the total general fund budget,
or the equivalent value of one (1) support unit computed as required by
section 33-1002, Idaho Code, whichever is greater. Disbursements from said
fund may be made by resolution from time to time as the board of trustees
determines necessary for contingencies that may arise. The balance of said
fund shall not be accumulated beyond the budgeted fiscal year. If any money
remains in the contingency reserve it shall be treated as an item of income in
the following year's budget.

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