Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance Interim Report topic
No spam. Unsubscribe anytime.
Granbury ISD finance report: revenues ahead of last year; interest income surpasses prior year
Summary
The district’s interim financial statements for the period ending Feb. 28, 2025 show revenues collected at 84.26% of budget and expenditures at 49.33% year to date; local revenue benefited from an HCAD redistribution and interest income totaled $1,073,209.53 for the fiscal year to date.
Granbury ISD staff presented the district’s interim financial statements covering the period Sept. 1, 2024 through Feb. 28, 2025. Revenue collected to date equaled 84.26% of the adopted budget, up from 79.85% at the same point last year; expenditures were at 49.33% of budget compared with 47.78% at the same point last year.
Board finance staff attributed the increase in local revenue to a redistribution of fund balance from the Hood County Appraisal District (HCAD). Staff recommended holding off on any budget amendments until further clarity is available on final totals. The district’s cash flow and investment report showed $287,184.84 in interest collected in the month and a fiscal‑year‑to‑date interest total of $1,073,209.53, slightly higher than the prior year’s $1,050,272.40.
Trustees had no substantive questions following the presentation and the board moved on to the rest of its agenda.
