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Marlin ISD board adopts fund-balance commitment resolution citing GASB 54
Summary
Trustees adopted a resolution committing fund balance for the 2026'27 fiscal year, stating the commitment is established according to district policy and in compliance with GASB 54; motion passed 6-0 with one absence.
The Marlin ISD Board of Trustees on June 29 adopted a resolution to commit fund balance for the 2026'27 fiscal year, citing compliance with Governmental Accounting Standards Board Statement 54 (GASB 54).
Chief Operating Officer Norman Jones presented the proposed resolution, and Trustee Debra Levels-McDavid moved that the board approve it. "I move that the Board of Trustees approve a resolution for the Commitment of Fund Balance, established according to the District's Fund balance policy and in compliance with GASB 54," Levels-McDavid said. Trustee Rosalyn Dimerson seconded the motion. The board approved the resolution 6 votes for, 0 against, 0 abstained, 1 absent.
The resolution formalizes the district's designation of portions of fund balance consistent with its policy and GASB 54 reporting categories. The transcript does not provide the dollar amounts or the exact categories (e.g., restricted, committed, assigned) being established under the resolution.
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