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HEB ISD finance report: general fund healthy; bond fund activity rising after large construction draw
Summary
CFO-level staff reported a general fund balance of about $216.1 million and expenditures below seasonal expectations; the district noted a large bond check for construction and continued interest income, while routine funds like child nutrition and special revenue funds performed within expected ranges.
At the board meeting, district finance staff reviewed financial statements for the month ending May 31, 2025, reporting overall fund balances and standard seasonal patterns in expenditures.
The staff member presenting the report said the general fund had a fund balance of approximately $216,135,402 and that year-to-date expenditures were about 68.19% of budget, below the district's 75% seasonal threshold. Investment interest earned through the reporting period was reported at about $6.3 million.
Other funds reported included child nutrition, the debt service fund and special revenue funds. The presenter said the child nutrition fund was performing well and that special revenue funds were showing expected expenditure timing driven by TEA reimbursement lags. The presenter also noted continued interest income across funds.
On the 2024 bond fund, staff said activity would accelerate as construction payments begin. The presenter referenced a large construction disbursement and said, "It's $1,212,200,000.0 dollars in 1 check," while noting the district will manage arbitrage and other bond-related compliance tasks.
Board members asked routine clarifying questions; staff said the bond issuance timing had been reviewed and that early issuance to beat pending legislation was investigated but not pursued because it did not make financial sense for the district.
No board action was required; the report was informational and staff will return with routine budget and investment updates.
