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Lubbock ISD finance director outlines budget gaps, warns state school finance bill will include strings
Summary
Dr. Wilkins presented April financials and a budget outlook showing revenue and expenditure shifts; he said the board will pass a budget in June under current law and likely amend it after the state bill is finalized because the new funding will include restrictions.
Dr. Wilkins briefed the Lubbock ISD board on district finances through April and on a recently proposed state school finance bill that trustees said could change budgets significantly.
On the monthly financials, Dr. Wilkins said the district is tracking close to expectations: "If you look at the first, I wanna draw your attention down to the bottom right where it says 82.97% expended. We should be 83% expended." He noted that "point 01% equates to about $30,000." Dr. Wilkins also reported investment yields near 5.1% and said food services and debt service were in good shape.
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