Health district approves financial reserves policy

The Fallbrook Regional Health District approved a financial reserves policy.

A 5-0 FRHD board vote, April 14, approved the policy that during the annual budget process, the board will assure that at least 18 months of operating expenses are included in the district’s reserves.

“It’s just good sound financial management,” Howard Salmon, board president of FRHD, said.

During the budget process, the district’s CEP will inform the board about the district’s projected revenues and the recommended funding levels for grants, programs and operations. The board will determine the amount of funding to be allocated to restricted reserves including but not limited to multi-year maintenance, repair and asset improvements as well as economic uncertainties.

Joe Naiman can be reached by email at [email protected].