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Board approves FY 2025 committed fund balance, adds proceeds-from‑sale commitment
Summary
The board approved the district’s FY 2025 committed fund balance, removing pro pay and adding proceeds from sale of buildings or real property to committed balances.
The Board of Education approved an FY 2025 committed fund balance resolution on June 26. Presenter Tyler Denny said policy 7.14 allows the board to commit fund balance for specific purposes prior to year end.
Denny reported the pro pay commitment had been removed (per the earlier action) and the board added a commitment for proceeds from the sale of buildings or real property. Carryover funds and facility rental funds remained committed. The recommendation to approve the FY 2025 committed fund balance carried on a unanimous voice vote after a motion by Director Saxe and a second by Director Chester.
District staff said the commitments reflect board policy and provide transparency in the use of restricted and committed funds.
