Prosper ISD financial report: bond sale pending, preliminary 2025–26 budget shows $39M gap

The Prosper ISD administration presented quarterly financial statements through April 2025 and a preliminary look at the 2025–26 budget at the June 13 board meeting, reporting bond activity, enrollment tracking and a preliminary fiscal gap for next year.

Administration said the district completed a bond sale; the cash from that sale will appear on the next financial reports when the funds are received, likely in early July. Trustees were shown project‑level spending for the 2019 bond as those projects near completion and for the 2023 bond (referred to in the meeting as Prop A) where several campuses are still under construction.

Why it matters: The district is growing and opening multiple campuses; administrators said four campuses will open next school year, including a new middle school, a high school and two elementary schools. Those openings carry recurring personnel and nonpersonnel costs for insurance, utilities, custodial and secondary programs. Administrators told the board they had added 566 positions since the 2024–25 budget adoption and that the average cost of a new employee had increased to about $82,000 (total cost including benefits and associated expenses).

Key figures presented by administration (as described in the meeting):

- Reported student enrollment being tracked “right now at 2,951 students” (administration said enrollment is tracked weekly and will continue to change over the summer).

- Administration’s revenue projection for the current year (after adjustments) expected to land about $356,000,000; they expect expenditures to land about $353,000,000, producing a modest add to fund balance this year of roughly $2.5–3 million.

- Preliminary projections for the 2025–26 fiscal year estimated a roughly $39,000,000 deficit before additional corrections: administration showed a preliminary expense projection of $436,000,000 and noted the board would see functional level changes and debt service/food service projections in July.

Bond projects and construction

Administrators reviewed 2019 bond close‑out work and the 2023 bond project list. They named campuses under construction or recently completed, including Thompson, Moseley and Richland; they also cited renovations and new campuses listed under the 2023 bond such as Bridges and Watkins and other elementary schools scheduled to open in coming months.

Administration told trustees it will bring a budget amendment in July to reflect the bond sale proceeds when received and to refine estimates once certified property values arrive in late July. The district expects to receive the TEA’s maximum compressed rate in August and to adopt a final budget and tax rate later that month.

What the board said: Trustees thanked the finance and HR teams for work on the projections and noted staffing increases and required state compensation changes as drivers of next year’s budget gap. Administration emphasized continued monitoring of enrollment, vacancies and legislative guidance as steps to narrow the preliminary deficit.