GCISD board approves final 2024–25 amended budget after staff cleanup adjustments

The Grapevine-Colleyville ISD Board of Trustees approved a final amended budget for the 2024–25 fiscal year at the June 9 meeting to ensure budgetary compliance with the Texas Education Agency.

David Johnson, the district chief financial officer, told trustees the amendment reflects late or revised revenue and expense items, including additional federal flood-control-related revenue expected to be reimbursed by the cities of Grapevine and Colleyville and tax-increment fund (TIF) payments that are now being recorded on a gross basis. Johnson said the flood-control revenue added about $2.75 million in receipts that will be paired with corresponding expenditures.

He also said the district had been light in prior budgets on line items such as substitutes, overtime and utilities; the amendment increases budget authority in those functions so the district will not exceed function-level expenditures reported to TEA. Johnson said the proposed amendment would create a planned budgeted deficit of about $2.6 million in the amended 2024–25 budget but said he expected actual spending to come in closer to the budgeted numbers once final transactions and the audit are completed.

Trustee Kathy moved to approve the final amended budget for the general operating, debt service and child nutrition funds for 2024–25; Trustee AJ seconded. The board approved the motion by a 6–0 voice vote.

Johnson said the amendment is primarily a compliance and cleanup measure so the district's books and TEA reports align; he emphasized that the board would receive the district's audited financial statements when the audit is complete.