Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
PAISD reaffirms committed fund balance designations, delegates assigned fund balance authority to superintendent under GASB 54
Summary
The board approved amounts designated as Committed Fund Balance and reaffirmed delegation to the superintendent to establish Assigned Fund Balance in accordance with GASB 54 and Board Policy CE(Local); the motion passed 5‑0 on March 18, 2026.
Trustees approved the superintendent’s recommendation for amounts designated as Committed Fund Balance and reaffirmed delegation of authority to the superintendent to establish Assigned Fund Balance under Governmental Accounting Standards Board Statement 54 (GASB 54) and Board Policy CE(Local). The motion was made by Marnie Pate and seconded by Daniel Johnson; recorded vote: 5 - For / 0 - Against / 0 - Abstained.
The minutes reference GASB 54 and Board Policy CE(Local) as the authority for fund balance categorization and internal delegation, but they do not list the dollar amounts or line‑item fund balances. The board’s action delegates operational authority to the superintendent to classify Assigned Fund Balance within the parameters set by GASB 54 and district policy.
