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Southside ISD finance chief: district budget tight; board may schedule workshop
Summary
CFO Carales told trustees that December financial statements lag some tax collections and that the district expects tight finances next year; trustees discussed adding a budget workshop and monitoring debt-service options.
Southside Independent School District Chief Financial Officer Mr. Carales briefed trustees on the district’s December 2024 financial statements at the Jan. 15 board meeting, saying revenues and expenditures were close and tax collections for December were not yet reflected.
"The tax assessor collector actually has until January 5th to actually turn in the December tax collections," Carales said, explaining why December collections were absent from the statement. He reported roughly $3,300,000 in revenue against about $3,200,000 in expenditures for the food service program in the current-year actuals.
Carales said the district will begin planning for next year’s budget in February and suggested organizing a budget workshop to model scenarios depending on legislative action. He said the district will also work with financial advisers in January to identify callable debt and consider a budget amendment to pay down debt earlier if local tax collections allow.
Trustees asked no substantive questions during the presentation. Carales noted a continuing decrease in what he called the "Shar" side of charge revenue and said staff would investigate further; the transcript used that term without further clarification.
No formal budget actions were taken; the board moved on after the presentation.
