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Seguin ISD reports narrower 2024'25 deficit but projects larger 2025'26 shortfall; fund balance estimated at $27.4M
Summary
Finance staff told the board that unaudited closing figures put the 2024'25 deficit at roughly $1.3 million, helped by a $1 million state protest win and underspending; projected 2025'26 deficit stands near $6.3 million after known costs and proposed compensation changes.
The Seguin ISD board heard a financial update showing improvements to the 2024'25 fiscal year closeout but a larger projected gap for the 2025'26 budget.
Liz Banks summarized an unaudited estimate that reduced the 2024'25 deficit to about $1.3 million, down from earlier figures, citing an unexpected $1 million adjustment from a Texas State Comptroller protest, payroll savings of roughly $1.7 million due to vacancies, and utility and security savings. "We had a deficit of $5,600,000," Banks…
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