No district shall adopt a budget, which includes total requirements of depreciation funds, necessary employee benefit fund cash reserves, and necessary general fund cash reserves, exceeding the applicable allowable reserve percentages of total general fund budget of expenditures as specified in the schedule set forth in this section.

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Average daily Allowable
membership of reserve
district percentage
0 – 471 45
471.01 – 3,044 35
3,044.01 – 10,000 25
10,000.01 and over 20
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