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WYLIE ISD board approves payment of bills; district reports December revenues and bond balances
Summary
The board approved a motion to pay bills by voice vote and heard financial updates: December payroll exceeded $3.1 million, cash balances were reported just under $32 million, Lonestar investments yielded about 4.54%, and bond accounts showed interest earned and recent pay applications.
The WYLIE ISD Board of Trustees approved payment of the district’s bills during the meeting; a member moved to pay the bills, a second followed and the board approved by voice vote ("Aye").
The approval came after business-office staff reviewed routine monthly financial statements. Staff reported December payroll exceeded $3,100,000 and showed a district cash balance “barely under $32,000,000.” The district also reported receiving a little more than $11,000,000 in current-year tax revenue in December.
Staff noted the district’s Lonestar investment was yielding about 4.54 percent and that bond-account interest earned to date was “a little over $5,600,000.” Before December expenses, staff said bond funds totaled about $176,000,000; December bond pay applications reduced available bond cash by about $1,400,000, staff said. The business office also highlighted an arbitrage amount of about $340,000 that the district must retain in bond accounts until certain pay-down milestones are reached.
Consent-agenda line items referenced several contracted services and subscriptions. Staff said the district selected a new web and app vendor (Apogee/Aptogee) to replace an outgoing provider; the cost covers the remainder of the current year and the following year. A class-monitoring subscription for Chromebooks (Classwise) was listed at $9,000. Staff pointed out a purchase from “Lohman Education” costing roughly $58,000 for a new curriculum product; according to staff, future annual costs for that product will be about 10 percent of the upfront price.
Other recurring items included an annual Taylor County EMS fee of $20,550 for on-site paramedic coverage at football games. In the debt-service discussion staff said the state will provide partial compensation for losses tied to a tax-exemption change; staff described the reimbursement as an EDA allotment and estimated the amount at about $640,000 for the period discussed.
No roll-call vote tally was read; the motion to pay bills passed on a voice vote recorded as "Aye."
