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Trustees adopt GASB 54 fund‑balance resolution
Summary
Port Neches-Groves ISD trustees approved a resolution assigning fund balance in accordance with GASB 54 during the Aug. 29 meeting; the motion passed unanimously (5–0).
Trustee Brenda Duhon moved to approve a resolution assigning fund balance in accordance with Governmental Accounting Standards Board (GASB) Statement No. 54; Trustee Eric Sullivan seconded and the board approved the resolution unanimously, 5–0. The minutes do not list the specific designations adopted within the resolution.
Separately, presentation materials summarize an expected impact on the General Fund balance of ($1,736,173). The minutes do not explicitly tie the presented number to line‑by‑line designations in the resolution; the resolution text and formal designations should be consulted in district records for full detail.
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