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Bells ISD reallocates $1,113,000 to retire loans, sets $1,000,000 construction reserve
Summary
The board voted 6–0 to add $1,113,000 to the Retirement of Loans/Notes Payable committed fund balance and to increase the Construction committed fund balance to $1,000,000. The action was approved during the Dec. 9 meeting.
Trustees approved adjusting the district's committed fund balances, adding $1,113,000 to the Retirement of Loans/Notes Payable and increasing the committed balance for Construction to $1,000,000. The motion passed unanimously, 6–0 (mover: Cole Kimberling; second: Lonnie Carter).
Board minutes show the action was taken under agenda item III.B and recorded as a formal motion. The minutes do not specify the precise current balance after the adjustment or the intended construction projects tied to the $1,000,000 commitment; those details were not included in the meeting record and are listed as "not specified."
