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Board adopts Resolution No. 13 to designate committed fund balance for 2025-26
Summary
Montebello Unified adopted Resolution No. 13 (2025-2026) to designate portions of its general fund ending balance as committed funds consistent with GASB Statement No. 54 and Board Policy 3100.
The board adopted Resolution No. 13 (2025-2026) to designate certain portions of the general fund ending balance as committed fund balance for the 2025-2026 fiscal year. CFO Donald G. Ellingson summarized how GASB Statement No. 54 governs fund balance classifications and reminded the board of Board Policy 3100 on fund balance authority.
President Liliana Magana moved adoption, seconded by Marisol Madrigal Uribe; the motion carried on a unanimous roll call. The minutes record that the district identified specific needs to be funded from the committed balance and that supporting documents were attached to the official minutes.
