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Canyon ISD board approves December financial report; administrators note larger-than-expected debt allotment and reconciliation with food-service contractor
Summary
Trustees approved the district's reconciled financial statements as of Dec. 31, showing about $22 million in bank cash and roughly $69.97 million total cash with investment pools; administrators said an existing-debt allotment from the state was larger than anticipated and noted Chartwells reimbursement and reconciliation work is complete.
The Canyon ISD board unanimously approved the district’s monthly financial report for the period reconciled as of Dec. 31, the board heard Monday.
Controller Leila presented key figures: a bank statement cash balance of about $22,000,000 and total cash and investments (including Lone Star and TexPool-like investment pools) of about $69,968,000. The presentation noted local revenues were roughly 46% of budget and state revenues slightly above 50% collected to date for the fiscal year; federal revenues are down and administrators said changes in…
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