Wylie ISD finance report: payroll, bond spending and cash balances show continued construction activity

District finance staff presented the monthly financial reports showing payroll, bond expenditures and cash balances and answered trustees’ questions on projects and cash flow.

The staff report said May payroll was a little over $3.1 million and that the district spent just under $3.7 million on bond-related activity in May. Staff read the bond figures into the record: the bond fund began with about $186,000,000 prior to May, was at roughly $169,600,000 before May’s expenses, and stood at about $165,900,000 after May’s disbursements; staff cited steel deliveries for South Elementary among large expenditures.

Staff reported an overall cash balance of about $23.1 million across funds. The report separated out insurance recoveries of about $4.9 million and debt-service reserves of $6.2 million, leaving an adjusted general-fund balance of about $11.9 million (staff attributed timing differences to interfund reimbursements tied to bond activity). The report also noted a pending debt-service payment of about $4.8 million due in August.

On revenue, staff said the district was at about 85% of expected revenue year-to-date, “up 8% compared to where we were last year.” School-lunch revenue was reported at about $736,000 and staff said they expected that to exceed earlier estimates. Staff also described an LED project for which the district is paying three of five installments; staff said the annual utility savings in the first year exceeded the annual payment amount, which informed the multi-year payment structure.

Trustees moved and seconded a motion to pay the bills as presented; the board approved the payments by voice vote. Staff emphasized that some figures are timing-dependent and will continue to be tracked and updated over the summer.