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Board approves midyear budget amendments as district staff warn of state and federal uncertainties
Summary
Trustees approved midyear budget amendments and heard quarterly financials showing tight margins; staff flagged uncertainty from state funding, a nearly $92 million general-fund balance in select funds and a health fund that ended the year near zero.
The Edinburg Consolidated Independent School District board approved midyear budget amendments Tuesday and heard a quarterly financial report showing tight margins and several one-time transactions that affected year-end balances.
During the action agenda trustees voted to approve 2024–25 midyear amendments for general funds. The motion was seconded and carried on a voice/hand vote.
CFO Adele Felix presented the quarterly financials for the year ending Aug. 2024 and said the packet’s summary showed total general‑fund revenues of $393,040,434 and expenditures of $401,102,250, with year‑end adjustments that included a one‑time settlement. Felix reported combined 1XX fund balances of about $91,687,150 at Aug. 30 and walked trustees through other fund details: the 199 fund balance (discrete operations) and debt‑service collections sufficient for bond payments.
Felix also reported investment income and tax collections and confirmed the district’s investment portfolio totaled more than $112 million. On the district health fund, Felix said the fiscal‑year ending balance was approximately $35,088 (down about $14,000 for the year) after a $2 million one‑time transfer and the employer premium increase that took effect in September.
Trustees asked when staff will present projections for the coming budget year; Felix said preliminary property values had just been released and the district was still in protest with the county, and that legislative activity at the state and federal level added uncertainty. She said staff will use the presented numbers as the starting point for next year’s budget process.
The board approved the amendments and passed several related consent and action items during the meeting; trustees also authorized district staff to continue monitoring fund balances and return with recommended strategies.
