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Katy ISD finance staff report underspending; board hears plan to replace aging white fleet using bond interest
Summary
CFO Chris Smith presented the March 2025 financial report showing underspending across the district and identified about $7.6 million in miscellaneous capital project interest available; staff proposed spending roughly $1.8 million to replace aging white fleet and police vehicles, citing average vehicle age of 14.6 years and 111,000 miles.
Katy ISD financial staff reported Monday that district expenditures remain under budget for the fiscal year and highlighted a proposal to replace a backlog of aging white-fleet and police vehicles using interest earned on bond funds.
Chris Smith, the district's chief financial officer, told trustees the budget-to-date target was about 58 percent through the fiscal year and that most functions were within or below that rate. He pointed to a miscellaneous capital projects interest balance of about $7.6 million and said staff…
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