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Valley View ISD board approves annual financial report showing 167 days of unassigned funds
Summary
Valley View ISD trustees approved the Annual Financial Report for FY 2023–24, with auditors reporting no findings and the district holding unassigned funds equal to 167 days of normal operation, above the recommended 70–90 days.
Valley View ISD’s Board of Trustees approved the district’s Annual Financial Report for the 2023–24 fiscal year during its Nov. 14 special meeting. Sandra Martinez, Finance Director, presented the report alongside an auditor from Cascos & Associates who "congratulated the Board and administration for no findings." The board adopted the report by unanimous motion.
The report shows the district’s unassigned fund balance equals 167 days of normal operation, a level the presenters noted is well above the commonly recommended 70–90 days of reserves. The approval was moved by Board President Claudia Coronado and seconded by Board Member Mario Degollado. The board recorded the action as carried unanimously.
