H.4. Consider Resolution to Use Assigned Fund Balance Description: At the June 25, 2025, Regular Board Meeting, the board approved a resolution to assign oil and gas fund balance for future technology needs. The district will be replenishing student and teacher laptop inventory to replace lost, damaged, and outdated items. A portion of the cost will be funded from the oil and gas reserves. The res

Staff Report & Agenda Item Details

H.4. Consider Resolution to Use Assigned Fund Balance Description: At the June 25, 2025, Regular Board Meeting, the board approved a resolution to assign oil and gas fund balance for future technology needs. The district will be replenishing student and teacher laptop inventory to replace lost, damaged, and outdated items. A portion of the cost will be funded from the oil and gas reserves. The resolution to use the assigned oil and gas fund balance will make the following change: Previous Reserve Balance at 6/30/2025                              $1,570,851 Less: Student & Teacher Laptop Replacement            $301,682 Total Reserve After Expenditure                                          $1,269,169 Additionally, the following assigned fund balances, which do not require board resolution but are included for transparency, will be expended: $300,000 from the fund balance of $750,000 that was reserved for TAD Reappraisal Losses. The new fund balance reserved for TAD Reappraisal Losses will be $450,000. As a result, the new total General Fund Balance set aside for future expenditures will be $4,218,820. Attachments: ( 1 ) Fund Balance Resolution

This motion is scored as EXPANDS_GOVERNMENT (Impact Weight: 2.8/10). Under the Bastiat Liberty Watchdog Index, measures that increase tax rates or fee schedules, issue new debt or Certificates of Obligation, expand regulatory/zoning restrictions on private land use, or authorize unbudgeted spending expansions reduce an official's Freedom Score when voted YES (and reward dissenting NO votes).