5.10 Reserves and Year-End Balances - History

Board Policies
Chapter 5 - Administration

Policy History:

Date of Adoption: 06/21/00
Date of Implementation: 06/21/00
Date of Last Review: 03/19/25

Date & Subject of Amendments:

3/19/25 – Full Review. Added General Fund to the Policy Name. Part 3 is amended to create an enterprise/system reserve pool that would co-locate the portion of college and university reserves equal to five percent of their general fund revenues and would be administered by the chancellor. Colleges and universities will maintain local control over additional reserve funds, which could range up to five percent of their general fund revenues. Added Part 4 reporting requirements. Applied new formatting and writing styles resulting in technical edits.

12/16/14 - Policy 5.10 went through a periodic review. No substantive changes were made.

11/16/11 - Effective 1/1/12, the Board of Trustees amends all board policies to change the term "Office of the Chancellor" to "system office," and to make necessary related grammatical changes.

06/18/03 - changes "MnSCU" to "system" or "Minnesota State Colleges and Universities"

12/18/02 - Amended policy by moving current language from Parts 1,2 & 3 to Procedure 5.10.1, and approved new language

06/21/00 - Contains language formerly in Board policy 5.4; Added Part 1, Policy Statement; Added Part 2, Responsibilities, and made it the responsibility of the Chancellor & President to maintain a percentage of the budget as a reserve; Added to Part 3, reports shall be provided to the Board.