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Board approves financial report; auditors' adjustment changes unassigned fund balance by $58,185
Summary
Pine Tree ISD approved the February financial report and a resolution revising Unassigned General Fund balance after an auditor adjustment related to cell-tower leases changed the balance by $58,185. The board also approved purchases over $50,000 and noted tax refunds and deletions.
Salena Jackson presented the district's monthly financial report. The audit recorded an adjustment tied to cell-tower leases that changed the General Fund balance by $58,185; the board approved a resolution revising fund balance classifications to reflect the adjustment. Drew Seidel moved the resolution and Aaron Klein seconded; the motion passed 6–0.
Jackson also reviewed monthly disbursements, a tax refund over $50,000 ($72,148.86), tax roll deletions totaling $2,761.18, purchases over $50,000 (Skyward Inc. $70,096; Bucks Wheel & Equipment $51,634.24), and donations of $2,050. The board approved the financial report as presented (motion by Mike Smith; second by Drew Seidel); Passed 6–0.
Board members received the information and approved the classification revision and financials; staff will continue normal financial reporting and follow up on audit recommendations as needed.
