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Finance director shifts reporting cadence; Wylie ISD posts strong preliminary revenue and fund balance figures
Summary
The district finance director told trustees the board will receive financial reports two months in arrears going forward to allow time for month-close entries; staff also reported preliminary revenue of $62,442,000, expenses of $53,615,000 and a projected net addition to fund balance of $8,800,000.
The districtfinance director announced a change in the reporting cadence and summarized preliminary financial results for the period presented.
Beginning immediately, the district will present financial reports two months prior to the board meeting date (for example, the October meeting included August financials). The change is intended to allow month-close journal entries and audit…
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