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Interim CFO outlines preliminary August 2025 financials; general fund balance reported about $27 million at fiscal year start
Summary
Larry Garza, interim chief financial officer, presented a preliminary August 2025 intermonthly financial report, noting a beginning general fund balance of about $27 million, that numbers are preliminary and that auditors will finalize the fiscal year close.
Interim Chief Financial Officer Larry Garza presented the district's August 2025 intermonthly financial report to the board on Sept. 15, describing the figures as preliminary as the district completes its fiscal-year close and audit work.
Garza said the district's beginning general fund balance at fiscal year end (Aug. 31) was about $27,000,000; he cautioned revenues and year-end adjustments remain in process and that the certified audit will be completed in coming months.
Garza reviewed components of the report: the general fund amended budget and year-to-date expenditures; the Child Nutrition Fund (food service), which must report federal and state revenues to TEA and the Texas Department of Agriculture; and debt-service activity, which fluctuates with semiannual payments. He said the food-service fund showed a fund balance figure that will be adjusted and that the August 2024 fund balance figure had appeared as $2.9 million but that as of the presentation the number was about $1.6 million after additional entries.
Garza told trustees he expects to provide more detailed, graphic representations of revenues and expenditures in future reports, and that the district will work with its independent auditors (Weaver) to finalize year-end numbers. He recommended against immediate budget amendments in response to initial enrollment dips, saying it is too early in the fiscal year for permanent adjustments.
Board members asked about enrollment and average daily attendance reporting and how those measures affect state funding. Garza said districts often see membership stabilizations after Labor Day and that the district's financial staff is monitoring attendance daily.
Garza said the debt-service fund is in good condition and that the district manages two annual debt payments. He also discussed long-term strategies to align local and federal funds and to evaluate efficiency opportunities.
The board did not take formal action on the report; Garza said he will present revised monthly and quarterly reports as the audit closes.
