The 2025‑26 Budget: Fiscal Outlook for Schools and Community Colleges

Nov 20, 2024 - When the cap is operative, medium and large districts (those with more than 2,500 students) must limit their reserves to 10 percent of their annual expenditures. Smaller districts are exempt. The law also exempts reserves that are legally restricted to specific activities and reserves designated for specific purposes by a district’s governing board.
https://lao.ca.gov/Publications/Report/4940

Update on Community College Reserves

Jan 27, 2021 - The 15 districts we contacted were spread across the state (with some in the southern, central, and northern regions) and varied in terms of their enrollment (with some small, medium, and large). They also varied in their reliance on state versus local funds.
https://lao.ca.gov/Publications/Report/4323