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CFISD finance staff explain fund‑balance recap and FEMA reimbursement for Sprague roof repair
Summary
At the May 1 work session finance staff walked trustees through fund‑balance recap columns and budget amendments for the fiscal year, and facilities staff said the Sprague windstorm roof replacement is part of a FEMA claim with roughly 75% reimbursement expected. Trustees asked for clarification on reading the fund balance report and on which
Cypress‑Fairbanks ISD finance staff reviewed the district’s fund‑balance recap and budget amendments during the May 1 work session and answered trustees’ questions about how to read the fund‑balance tables.
Karen and Scott, district finance staff, explained the fund‑balance recapitulation shows beginning fund balance, adopted deficit amounts and subsequent…
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