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Weimar ISD board designates $3.70 million in general fund for specific projects and reserves
Summary
The Weimar ISD Board of Trustees unanimously approved a resolution committing approximately $3,699,258 of general fund ending balance to specified purposes including technology replacement, HVAC, construction costs, transportation, an employee stipend, and field lighting.
The Weimar Independent School District Board of Trustees on Nov. 5 unanimously approved a resolution designating portions of the district's general fund ending balance as committed fund balance for a list of specified purposes.
The resolution lists estimated amounts for each purpose: $350,000 for a four-year technology replacement plan; $250,000 for financial exigency; $400,000 toward construction costs not covered by bonded funds; $250,000 for transportation (bus and white fleet inventory); $350,000 for HVAC replacement; $300,000 for special projects and purchases not covered by the adopted budget; $250,000 for safety and security system updates; $60,000 to meet wind/hail insurance deductibles; $129,258 for CTE projects; $1,000,000 for an employee performance stipend program (described as funding a twice-annual stipend, $450,000 annually); and $360,000 for new LED lighting for athletic fields and courts. Summing the listed estimates yields $3,699,258.
The action was recorded in the minutes as approved by motion (mover: Brian Christen; seconder: Jim Sanders) with a unanimous vote of the five trustees present. The resolution text in the minutes cites GASB Statement No. 54 and references Board Policy 3100 and Board Policy CH (Local) as background for committing fund balance and for the district's $25,000 purchasing threshold noted in the text.
The resolution also directs the superintendent, or the superintendent's designee, to finalize the committed amounts based on the district's unaudited actual financial report for fiscal year 2023–2024 no later than Nov. 15, 2024. The minutes state that the committed designations cannot be used for other purposes unless the board adopts a successor resolution to revise or remove the constraint.
The resolution text is included in the board minutes and identifies the purposes and estimated dollar amounts; it was adopted at the Nov. 5 meeting and attested in the minutes.
