San Angelo ISD reports $11.7M committed fund balance and steady tax collections; POs include firewall, band instruments and bus purchases

San Angelo Independent School District staff reviewed the March financial reports and purchases during the board’s April 21 pre-agenda meeting, describing the district’s committed and unassigned fund balances, investment earnings and a list of purchase orders above $20,000.

The summary matters because fund balance levels, investment earnings and large vendor purchases influence the district’s budgeting decisions and upcoming capital expenditures.

Administrators reported a committed fund balance of $11,699,987, of which roughly $8,000,000 is committed to construction projects. The unassigned fund balance was presented as approximately $53,000,000. The district said March investment earnings were about $322,000, compared with $302,000 in February. Staff reported invested balances of roughly $90,000,000 in March 2024 and about $81,000,000 in March 2025.

On tax collections, staff reported the 2023 collection rate at 93.42% and the 2024 collection rate at 93.97%; cash collections approximated $55,000,000 in 2023 and $56,500,000 in 2024.

Staff drew trustees’ attention to purchase orders over $20,000 included in the packet: a district firewall, the school resource officer (SRO) contract, band instrument purchases, a facility assessment fee, legal fees, annual fire sprinkler inspection, fiber optics and network equipment, occupational and physical therapy services, bus purchases anticipated in the next year, and gate computers.

Ending: Trustees had no immediate questions and will consider the March financials and related consent/action items at the regular board meeting.