F Excess Fund Balance definition
F Excess Fund Balance. Any member district fund that exceeds three (3) times the Executive Committee established Pool ratio will be considered to be in excess balance status. Districts in such an excess balance status will be notified of their status and provided an opportunity to withdraw all or any portion of the excess funds once per fiscal year, during the month of January, upon the prior written request of the affected district(s). Member districts are advised that adherence to federal audit requirements remains a district responsibility and are cautioned any excess fund balances withdrawn that are the result of assessments against federal programs/grants may carry specific requirements.