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Van Alstyne ISD designates $3 million in fund balance for future construction
Summary
The board unanimously designated $3,000,000 of district fund balance for future construction projects during the Dec. 15 meeting.
The Van Alstyne ISD Board of Trustees designated $3,000,000 of the district’s fund balance for future construction on Dec. 15. Trustee Beau Williams moved to designate the amount; Trustee Matt Morris seconded and the motion passed 6–0.
Minutes record the designation as intended to align the district’s fund balance to the state’s definition of an optimal fund balance; no specific project or timeline for expenditure was provided in the meeting minutes. The action sets aside funds for future capital needs but does not commit the money to any named project.
