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Vidor ISD board discusses using fund balance for roofs, HVAC, tech refresh after Schneider Electric assessment
Summary
Dr. Mains told the Vidor ISD board on April 20 that the district had about $17.7 million in audited fund balance (as of Aug. 31, 2024), including roughly $2.5 million set aside for insurance, and opened a discussion about using reserves for roofs, HVAC, technology and other nonrecurring needs.
Dr. Mains, speaking at a special Vidor Independent School District board meeting on April 20, told trustees the district's audited fund balance was about $17.7 million as of Aug. 31, 2024, including roughly $2.5 million designated for insurance. He said the district's three‑month operating‑expenditure guideline would be about $11 million and asked trustees to consider how low they want that fund balance to go if they use reserve funds for one‑time projects.
"We're not asking anyone to make a decision tonight," Dr. Mains said, but he urged the board to consider whether to maintain a higher reserve or draw down to a three‑month level to pay for maintenance and nonrecurring needs. The board discussed several candidate uses for fund balance and nonbond…
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