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Silsbee ISD commits fund balances for teacher longevity, maintenance and campus activities under GASB 54
Summary
The board committed $250,000 of the General Fund for a one‑year Classroom Teachers Longevity pay plan and any General Fund amounts above $4,250,000 for deferred maintenance, renovations, and technology needs; campus activity and child nutrition fund balances were likewise committed.
At the Aug. 28 special meeting the Silsbee ISD Board approved commitments of portions of its unassigned fund balances consistent with GASB 54 reporting. The board committed $250,000 of the General Fund to a Classroom Teachers Longevity pay plan for one remaining year (2026) and committed any General Fund balance in excess of $4,250,000 for deferred maintenance, renovation, and technology needs.
The board also designated special revenue fund balances: Campus Activity Funds (Fund 461) were committed to their respective campuses and Child Nutrition Funds (Fund 240) were committed to child nutrition operations. The motion was moved by James de Garavilla and seconded by Dana Hancock and carried unanimously.
