Neb. Rev. Stat. §§ 79-1027
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.
| 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 |
On or before June 15, 2023, and on or before March 1 each year thereafter, the department shall determine and certify each district's applicable allowable reserve percentage for the ensuing school fiscal year.
Each district with combined necessary general fund cash reserves, total requirements of depreciation funds, and necessary employee benefit fund cash reserves less than the applicable allowable reserve percentage specified in this section may, notwithstanding the district's applicable allowable growth rate, increase its necessary general fund cash reserves such that the total necessary general fund cash reserves, total requirements of depreciation funds, and necessary employee benefit fund cash reserves do not exceed such applicable allowable reserve percentage.
Neb. Rev. Stat. §§ 79-1027