Katy ISD reviews February financials, budget amendments and recommends Prosperity Bank as depository

Katy Independent School District trustees reviewed the district’s financial report through February and discussed a set of proposed budget amendments and banking arrangements during the April 14 work study meeting.

Jamie Hines, Assistant Superintendent for Finance, told trustees the district is about halfway through the fiscal year and payroll — the district’s largest expenditure — was at roughly 48 percent of budget through February. Hines explained the district makes principal and interest debt payments in February, which drove the debt function to about 80 percent of budget at that point in the year.

Why it matters: Trustees use the mid‑year report to assess whether spending is on track and to consider amendments before the end of the fiscal year.

Hines highlighted specific functions including social…