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Board reviews monthly financials, investment earnings and approves budget amendments, vendor contracts
Summary
Trustees received the monthly financial statements (February), the quarterly investment report, and approved budget amendments, vendor contract extensions and two new contracts. Administration noted a temporary dip in the general fund balance tied to timing of state payments and scheduled bond payments.
At the regular meeting Harlingen CISD trustees reviewed February financial statements, the district’s quarterly investment report and approved a set of budget amendments and contract actions recommended by administration.
Chief business office staff reported the district’s general-fund cash position at Feb. 28 and explained a timing-related reduction in fund balance: February state receipts were lower than in prior months under the state payment schedule, and the district made bond payments in February. Administration said the dip was forecasted and that March receipts and subsequent adjustments are expected to restore the projected fund balance trajectory.
On monthly collections, the district reported a tax-collection rate of 88.6% for the period, up from 87.6% at the same point last year. Separately, the district’s delinquent-tax-collections contractor (Linebarger) reported…
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