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Stephenville ISD board adopts fund balance resolution
Summary
Trustees approved a fund balance resolution at the March 23 meeting; a copy of the resolution is attached to the minutes and specifics were not read aloud in open session.
The Stephenville ISD Board of Education approved a Fund Balance Resolution on March 23, 2026. Trustee Chad Elms moved for approval, and Trustee Ben McCleery seconded; the motion carried with all five members present voting in favor.
The board minutes note that a copy of the resolution "is attached hereto and shall become an official part of these minutes." The minutes do not include dollar amounts, targets, or classifications for unrestricted, restricted, committed, or assigned fund balances; those details are "not specified" in the meeting text and should be obtained from the attached resolution for reporting and audit purposes.
The approval authorizes the district business office to implement the fund balance classifications and reporting consistent with the adopted resolution and applicable accounting standards.
