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Burleson ISD presents November financials; revenues and expenditures reflect timing differences
Summary
The district presented November financial statements showing revenues of about $37.9 million and expenditures near $40.4 million; staff noted timing differences in state funding receipts and year-to-date comparisons.
Burleson Independent School District staff presented the district’s monthly financial report for November at the Jan. 13 board meeting. The district reported revenues of about $37.9 million and expenditures of about $40.4 million for the period, with staff saying timing of payments explains much of the year-to-year variance.
The district noted increased state revenue receipts in November compared with the previous year and slightly lower year-to-date expenditures, both of which are timing-related. Food service year-to-date revenues were about $2.9 million with expenditures near $2.3 million. Debt-service receipts and collections were noted as having increased after the state sent existing debt allotment funds in November; tax collections for the district were also summarized (November collections of about $4.6 million, $5.8 million year to date).
Capital projects and oil-and-gas fund balances were reported: the capital projects beginning balance was about $14.6 million and the current balance reported was about $15.04 million. Staff directed board members to the packet for a detailed payments-over-$10,000 list and other fund breakdowns.
The board accepted the financial report as presented; no separate board action was required beyond the consent agenda vote.
Ending: Staff said regular monthly financial reviews will continue and noted that tax collections remain heavy through February as expected.
