§ 21-13-504 — Special reserve fund

Wyoming § 21-13-504

• Jurisdiction: Wyoming
• Title 21: Education
• Ch. 13: SCHOOL FINANCE
• Art. 5: BUILDING FUND AND RESERVE FUND

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The board of trustees of each Wyoming school district may create
a special reserve fund of a specified amount, for the purpose of
purchasing or replacing specified equipment or a depreciation
reserve for equipment and school building repair. The board may
annually include in its budget for the ensuing fiscal year, the
amount so designated, as a special fund, expendable only for the
purposes stated and segregated as such, from general and other
special school funds, disbursements therefrom to be made from
time to time by the school clerk's warrants drawn against said
special fund, as duly ordered by said board; provided, that said
amount so specially budgeted for any fiscal year shall not
exceed ten percent (10%) of the total amount budgeted for the
same year; and further provided, that any difference in the
amount so specially budgeted for any such year and the amount
expended from said fund during such year, may be retained in and
carried over as a part of the special reserve fund.