The School District may not accumulate unrestricted fund balances, for all funds and from all sources, greater than 40 percent of the Borough’s July 1st direct appropriation to education for that fiscal year, exclusive of any Impact Aid advance and without regard to any proration among sources. All funds shall include, but are not limited to, the General Fund, risk management internal service fund, equipment replacement internal service fund, Transportation Special Revenue Fund, and Food Service Special Revenue Fund as determined as of the end of each fiscal year and based on audited fund-level financial statements. In accordance with generally accepted accounting principles, unrestricted fund balances include committed, assigned, and unassigned fund balance components for all district funds, both budgeted and unbudgeted, but exclude the School District’s committed fund balances in the Local Programs Special Revenue Fund and in the Student Activities Special Revenue Fund. The excess over the permitted accumulation amount shall be deposited to the Borough’s maintenance reserve fund for School District facilities, to the extent permitted by law. (Ord. 2018-41 § 3, 2018.)