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Southside ISD financial report flags uncertain federal revenue; debt-service tax collections ahead of budget
Summary
At the May 28 meeting the district reviewed April 2025 financials showing lower-than-expected federal program receipts and higher-than-budgeted debt-service tax collections, and set expenditure targets for the remainder of the fiscal year.
The Southside Independent School District reviewed its April 2025 financial statements at the May 28 board meeting, where the district's finance director described shortfalls in federal program receipts and said debt-service tax collections exceeded budgeted amounts.
"We have $1,300,000 budgeted [for federal programs]," CFO Carlos Corrales told trustees, "so far we've received $381,000." Corrales said…
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