Can money saved in the capital reserve funds be used for other purposes?
No. Once funds are placed into reserves, it becomes very difficult, because of state legal requirements, to access them for operating expenses. The funds have been saved and designated for identified capital needs and that is what the Board of Education proposes to use them for. The board's intent is to not borrow any funds but to use current reserves that have been funded during the past few years to support our capital infrastructure needs.