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Canyon ISD approves January financial reports, authorizes use of committed fund balance for Randall High projects
Summary
Trustees approved monthly financial reports and authorized using a portion of the district's committed fund balance to complete renovations and safety upgrades at Randall High School, estimating roughly $360,000 for the work.
The Canyon ISD Board of Trustees approved the district's monthly financial reports (reconciled through Jan. 31) and authorized the use of a portion of previously committed fund balance for capital work at Randall High School.
Finance lead Lea Beth presented reconciled financial statements showing the district had received about 70% of general fund revenues for the fiscal year and had obligated or spent roughly 44% of its budget through Jan. 31; interest earnings were reported at about $1.17 million year-to-date. Trustees approved the monthly financial reports on a 7-0 voice vote.
The board then considered using a portion of a committed fund balance that the board set aside in August 2024 (approximately $22.5 million committed) to complete targeted Randall High School projects. Staff described planned work including replacing upper and lower commons flooring with terrazzo and a campus logo, updating flooring in fine arts and science halls, adding polished concrete in art and CTE spaces, reconnecting office emergency call-button wiring in older wings, updating the office intercom system, and limited exterior concrete/xeriscape near the gym/turf room. Staff estimated the total cost of the requested work at approximately $360,000; the vote before trustees authorized only use of the committed fund balance for the projects, not final project contracts.
A board member clarified the motion would approve use of funds but not final contractor approvals. The board approved the request to use committed fund balance 7-0.
