Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Government Accounting topic
No spam. Unsubscribe anytime.
Board designates fund balance following GASB No. 54 guidance
Summary
Referencing GASB Statement No. 54, the board voted to designate fund balances. The motion carried with five trustees voting aye.
The board reviewed Governmental Accounting Standards Board (GASB) Statement No. 54 on fund balance reporting and then voted to designate funds as discussed. Trustee Mark Mendez moved and Trustee Chris Villasana seconded the motion; Trustees Lott, Box, Villasana, Newman and Mendez voted aye.
The minutes cite GASB 54 to explain the purpose of designating fund balances (clarifying classifications of constrained amounts), but they do not itemize specific dollar amounts or the exact designations in the provided text. For the detailed fund‑by‑fund designations and any related policy language, the district's finance office should be contacted for the meeting exhibits or board packet.
