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CISD unassigns nearly $3 million from fund balance after loan payoff
Summary
Trustees voted to unassign $2,981,129 from committed fund balance that had been reserved for construction and debt retirement after a note was paid off in February 2026.
On March 11 the Board approved a resolution to unassign a portion of committed fund balance—$2,981,129—that had been previously earmarked for construction and retirement of loans and notes payable, because the referenced note was paid off in February 2026. Trustee Casey Lout moved to approve and Trustee Josh Burns seconded; the motion carried 6-0.
Minutes record the unassignment amount and the reason (note paid off) but do not indicate how the newly unassigned funds will be reallocated. The action frees board discretion for future budget allocation but the minutes do not record a specific plan or department assignment for the funds.
