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Fort Sam Houston ISD board approves prior minutes, financial reports and fund-balance resolution
Summary
The Fort Sam Houston ISD Board of Trustees unanimously approved prior meeting minutes, the monthly financial report for July, a final budget amendment for 2023–24, and adopted a GASB 54 fund-balance resolution at its Aug. 22 meeting.
The Fort Sam Houston ISD Board of Trustees voted unanimously Aug. 22 to approve the minutes of the July 30 budget hearing and Aug. 8 special meeting, accept the July monthly financial report and a final budget amendment for the 2023–24 fiscal year, and adopt a Governmental Accounting Standards Board (GASB) 54 Fund Balance Resolution.
Secretary Dr. LaToya E. Sizer moved to approve the minutes and financial items; Vice President COL(R) Aaron J. Braxton II seconded the motions and each passed without dissent. Assistant Superintendent of Finance and Operations Julie Novak told trustees the Business Office is preparing to close purchase orders ahead of the Aug. 31 fiscal-year deadline despite staffing shortages in Transportation, Child Nutrition, and Facilities.
The board adopted the GASB 54 Fund Balance Resolution on a motion by Dr. Sizer, seconded by Vice President Braxton, with all four members present voting in favor (President Willie E. White, Jr.; Vice President COL(R) Aaron J. Braxton II; Secretary Dr. LaToya E. Sizer; COL Rebecca A. Zinnante). The facilities presentation that accompanied the meeting listed FY2023 fund-balance figures showing $14,701,519 unassigned (about 6.56 months of operating expenditures), $3,800,000 committed to construction, and a total fund balance of $18,501,519.
Board action on these routine items clears the way for administration to proceed with year-end closeout tasks and to present possible facilities project authorization on the Sept. 12 agenda.
