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Burleson ISD financial update: revenues up modestly year over year; board approves year-to-date budget amendments
Summary
On Feb. 10 Burleson ISD finance staff reported year-to-date December revenues and expenditures and asked trustees to approve cross-function budget transfers to close out the fiscal year; the board approved the amendments unanimously.
Burleson ISD presented its monthly financial report and asked trustees to approve year-to-date budget amendments at the Feb. 10 board meeting.
Finance director Brenda Mize reported December year-to-date revenues at about $62.9 million—an increase of roughly 1.5% from the prior year—and expenditures of about $52.5 million. Food service revenues were about $3.5 million with expenditures near $3.0 million. Debt-service program revenues were reported at about $21.9 million with expenditures near $15.5 million. Special revenue funds averaged 48.1% spent; childcare program revenues were reported at $385,000 with expenditures of $397,000. The district’s capital projects (oil-and-gas) fund was reported near $500,000; the beginning balance was reported at $14.6 million and the current balance at about $15.1 million. Mize also said December tax collections were roughly $39.0 million for the month and $44.8 million year to date.
Mize said principals and departments requested cross-function transfers to finish purchases for the year; the board moved and approved the proposed year-to-date budget amendments. Trustee Ryan seconded the motion; the board approved the transfers with no recorded opposition. Mize said the district is budgeting conservatively for the next fiscal year and has begun budget planning.
The board also approved a consent agenda earlier in the meeting that included routine items; the consent agenda vote passed unanimously.
