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<br />OO"'~ ~ n <br />J 1 ~ -', <br />v __' <br /> <br />.' <br /> <br />RESERVE ACCOUNTS <br /> <br />\ <br /> <br />No MAJOFll ADJUSTMENTS WERE MADE IN RESERVE FUND I, II. II r. OR IV DURING THE: F'"lSCAL <br /> <br />PI <br /> <br />YEAR BECAUS~ THESE FUNDS NOW STANO AT THE ~AXIMUM REQUIRED OR PERMITTED ev THE AFPROPRIATE <br /> <br />CONTRACTS WITH THE UNITED STATES. <br /> <br />THE ESCROW RESERVE (FUND V) WAS INCR(ASED BY $112.768.03 WHICH WAS $10,539.79 MORE <br /> <br />THAN WAS ANTICIPATED IN THE 1966/67 BuDGET BUT WHICH LEFT THE FUND $21.996.21 LESS THAN <br /> <br />THE MINIMUM REQUIRED TO MEET THE LONG-TERM ESCROW GOAL. TENTATIVE PROJECTIONS Or THE <br /> <br />1967/68 BUOGET INDICATE THAT THIS SHORTAGE MIGHT BE OVERCOME IN FISCAL 1967/68; AND, <br /> <br />ADDITIONALLY, THE DISTRICT MAY BE ABLE TO MEET THE 1967/68 GOAL BY THE COMPLeTION OF'" THE <br /> <br />ENSUING FISCAL YEAR. <br /> <br />SUMMARY OF 1966/67 OPERATIONS <br /> <br />THE FINANCIAL SUMMARY AND WORKING BuDGET COMPARISON APPEAR IN THE FOLLOWING PAGES <br /> <br />.' <br /> <br />ANO A COMPLETE SUMMARY TOGtTHER WITH SUPPORTING SCHEDUL.ES AL.SO APPEARS IN THE. "STATISTICAL <br /> <br />ApPENOlX.1l <br /> <br />,;. <br /> <br />.' <br /> <br />.' <br /> <br />-25- <br />