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Board approves fund-balance commitments and GASB 54 assignment for campus activity funds
Gatesville ISD Board of Trustees · August 27, 2024
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Summary
Trustees approved recommendations to commit and assign portions of the Aug. 31, 2024 fund balance and to assign campus activity funds under GASB 54 accounting guidance. Vote: Yea 6, Nay 0, Absent 1.
Darrell Frazier recommended the board commit and assign portions of the District's August 31, 2024 fund balance to specified uses and to assign the portion held in campus activity funds under GASB 54 accounting rules.
The board passed the fund-balance resolution and the GASB 54 assignment on separate motions. Both motions were approved unanimously among members present; no executive-session action was required on personnel items listed on the agenda.
