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Perryton ISD finance director reports lower revenue, reduced fund balance and food‑service shortfall
Summary
The district's finance report showed general fund spending below budget but revenue shortfalls from lower average daily attendance and reduced federal reimbursements; fund balance ended at about 4.76 months and food service requires supplementation.
Perryton ISD's finance director presented the district's most recent financial summary, saying general fund spending was about $1.7 million under budget but revenues fell short, leaving an estimated 4.76 months of fund balance.
The director said several factors reduced revenue: average daily attendance (ADA) was about 100 students below budget, which she estimated reduced revenue by roughly $600,000; federal funding available this year had decreased; and a shortfall in charge funding was about $150,000. She also said accrued interest adjustments reduced revenue by about $136,000.
Food service and other funds
The finance director told the board that the food service fund lost the temporary reimbursement levels that were in place during universal free meals and therefore lacks the cushion it had previously. She said food service expenses were about $144,000 higher this year than last and that the fund did not come into the year with a balance sufficient to offset that change. Day care and other auxiliary funds were described as having offsets from prior federal COVID balances that partially mitigate year‑end numbers.
Key numbers presented
- General fund spending: about $1,700,000 less than budgeted for the two fiscal years shown in the report. - Average monthly expenditures: approximately $1,810,000 (up from $1,670,000 last year). - Revenue shortfall: the director said revenue was about 7.7% under forecast for the general fund. - Fund balance: the report showed about 4.76 months of fund balance at the time of the presentation.
The finance director added vendor‑level breakdowns of Prop A and Prop B expenditures and said she did not foresee large outstanding bills beyond cleanup adjustments. Board members asked clarifying questions about per‑unit costs for recent projects and the ranger film event; the director provided additional line‑item detail on request.
No formal board action was recorded; the report will be used to inform budget monitoring and future decisions.
