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District reports higher-than-expected investment income; revenue collections modestly behind prior year
2524283 · February 25, 2025
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Summary
CFO updates showed January collections slightly behind last year but within expected range; district reported $11.2 million net investment income for the October–December quarter and $22 million year‑to‑date (July–December).
Finance staff briefed the board on January financials and the quarterly investment report.
Doctor Faust reported general‑fund revenue collections were at 69.28% of budget compared with 74.5% at the same point last year; finance staff attributed the variance to later tax notices tied to an ad valorem election and expected collections to normalize in…
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