Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Union Grove ISD trustees move committed fund balances to unassigned
Summary
Trustees rescinded a 2023 resolution and reclassified committed fund balances to unassigned fund balance at the Dec. 8 meeting; motions were made by Tim Turner and seconded by Karey Barbee and passed unanimously.
At its Dec. 8 meeting the Union Grove ISD Board of Trustees voted to rescind a Dec. 11, 2023 resolution that had committed certain fund balances and subsequently moved those committed balances into the district's unassigned fund balance.
The rescission motion and the reclassification motion were both made by Trustee Tim Turner and seconded by Trustee Karey Barbee; the minutes record both votes as unanimous among members present. The minutes cite GASB 54 in connection with the earlier commitment of fund balances; the board's action reclassifies the accounting presentation of those balances in the district's fund accounting.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
