Katy ISD Board Reviews Financial Reports and Approves Budget Amendments

A pivotal work study meeting of the Katy Independent School District (Katy ISD) Board of Trustees took place on July 21, 2025, focusing on financial reports and budget amendments that could shape the district's fiscal future.

The meeting commenced with a confirmation of compliance with the Texas Open Meetings Act, followed by a review of the May 2025 financial reports presented by Assistant Superintendent Jamie Hines. Hines highlighted a positive trend in the district's financial health, noting continued underspending across various budget categories, including payroll costs, which were slightly below the expected 75% for the fiscal year. This underspending is particularly significant given the district's previous deficit concerns.

Hines also reported that the district has $17 million in underspending from the 2023 bond authorization, which could provide flexibility for future projects, including a new junior high school. Board members expressed interest in how these funds might be utilized, especially in light of potential inflation impacts on construction costs.

The board then moved on to discuss budget amendments for July 2025, presented by Director of Budget and Treasury Esperanza Rios. These amendments are designed to ensure no impact on the general operating fund while addressing necessary adjustments in various areas, including staff development and building modifications.

Another key agenda item was the renewal of the excess workers' compensation reinsurance policy, which aims to protect the district against large claims. Director of Risk Management Lance Naumann recommended renewing the policy with Midwest Casualty for a two-year term, providing stability in costs and coverage.

The meeting concluded with discussions on infrastructure projects, including a contract for campus improvements at West Memorial Elementary School, which will enhance parking and replace an inefficient chiller.

Overall, the meeting underscored Katy ISD's commitment to fiscal responsibility and proactive planning, setting the stage for future developments in the district. The board is expected to take action on these discussions in the upcoming week, with significant implications for the district's financial strategy and infrastructure projects.