The Taconic Hills Central School District maintains Reserve Funds in the form of Restricted Fund Balances that may be used for specific purposes. Reserve Funds act as legally authorized savings accounts and play a role in the district’s annual budget and long-term planning processes. This plan contains a description and history of each reserve, and identifies a target reserve level. In accordance with Board of Education Policy #6621 Reserve Funds, the Board of Education will periodically review all reserve funds. The District will also prepare and submit an annual report of all reserve funds to the Board of Education.