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Board adopts committed fund balance resolution
Summary
The Shakopee School Board adopted a resolution establishing a committed fund balance on Oct. 28; the motion was presented by Aldrich and seconded by Brophy and passed unanimously in the recorded roll call.
At the Oct. 28 meeting the board adopted a resolution to create a committed fund balance intended to set aside district funds for a specified purpose. "Motion to approve resolution presented by Aldrich, seconded by Brophy," the record states, and a roll call showed all present in favor with none opposed.
The transcript does not specify the dollar amount, the targeted purpose for the committed balance, or the accounting treatment; those details should be available in the board packet or the resolution document filed with district records.
