Southside ISD approves three budget amendments, cites $5.5M debt defeasance savings and staff pay increase

The Southside Independent School District Board of Trustees on Sept. 17 approved three budget amendments that district finance staff said will record planned defeasance activity, complete cafeteria renovation work and reflect a 4% salary increase for staff.

At the meeting, Finance Director Rolando (surname variously rendered in the record as Caralios/Carales/Corrales) told trustees that auditors will return in October to help close the fiscal year and that several accrual entries remain outstanding, including approximately $3,600,000 in payroll accruals. The month-to-date numbers presented showed roughly $65,000,000 in revenue and $65,000,000 in expenditures for the General Fund, with the district expecting to reconcile remaining accruals during closeout.

Debt servi…