Reserves In 2008, Gettysburg Area School District reported an unreserved designated fund balance of $2,944,403.00 and an unreserved-undesignated fund balance of $7,279,155.00. In 2010 the reserves had increased to an unreserved designated fund balance of $5,930,484.00 and an unreserved-undesignated fund balance of $8,308,225. In 2012, Gettysburg Area School District reported a fund balance of $4,280,932. Pennsylvania public school district reserve funds are divided into two categories – designated and undesignated. The undesignated funds are not committed to any planned project. Designated funds and any other funds, such as capital reserves, are allocated to specific projects. School districts are required by state law to keep 5 percent of their annual spending in the undesignated reserve funds to preserve bond ratings. By law the state limits the total unreserved-undesignated fund balance at 8% of the annual budget for school districts that have budgets over $19 million a year. According to the Pennsylvania Department of Education, from 2003 to 2010, as a whole, Pennsylvania school districts amassed nearly $3 billion in reserved funds. By 2013, reserves held by Pennsylvania public school districts, as a whole, had increased to over $3.8 billion.