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MISD board reviews budget outlook; approves property insurance, budget amendment and multiple RFPs
Summary
Trustees received a multi-part budget update showing a projected $15.9 million deficit for 2025'26 under current law, approved the annual property insurance renewal, adopted budget amendment No. 10, and authorized several procurement actions for kitchen equipment and annex construction.
The Midland ISD Board of Trustees heard a multi-part financial presentation Tuesday that showed the district moving toward a projected $15.9 million deficit in the 2025'26 tentative budget under current law while approving several routine fiscal items and procurement contracts.
Budget outlook and assumptions - Enrollment and ADA: Administration projected fall 2025 enrollment at about 30,103 with an ADA (average daily attendance) projection of roughly 27,103 (a 93% attendance assumption). The presentation noted that pre-K funding and attendance patterns affect ADA calculations. - Projected deficit: Under current-law assumptions and without special-session legislative changes, the district projected a $15.9 million deficit for 2025'26; administration noted the projection excludes some revenues (royalties, pending real-property sales) and that outcomes depend heavily on the 89th Texas Legislature's final actions on school finance. - Fund balance: The district reported projected ending fund-balance capacity to maintain roughly six months of operating expenditures in various scenarios and that certain reserves and capital-project funds are available.
Board approvals and procurement items - Property insurance renewal: Trustees approved the annual property and casualty renewal with Gallagher (renewal ~$44,660,667 reported by administration) with no reduction in coverage; administration reported a multi-year premium reduction compared with earlier renewals. - Budget amendment No. 10: The board approved budget amendment No. 10, which updates revenue and expenditure projections and makes cross-functional transfers as requested by budget owners. - RFPs and contracts: Trustees approved RFP #24-280 (kitchen equipment) for child nutrition equipment (estimated $925,000, funded from child-nutrition funds), and awarded a construction services proposal (CSP #24-282) for annex buildings at Abel and Alamo junior highs (approx. $1,000,000) to OPREX Construction.
Other financial notes and bond update - Legislative uncertainty: Trustees and staff emphasized that a number of projections are contingent on the outcome of state school-finance legislation; administration said it would update projections after the legislature concludes. - Bond projects: The board received the monthly Bond 2023 update: Lone Star Trails construction is 75% complete and on schedule; design work and GMP review are underway for the new high schools; asbestos abatement and portable relocations are planned for middle-school renovation packages.
Ending: Trustees approved the insurance renewal, budget amendment and procurement items; administration will return to the board with updated budget projections after legislative action and with continued monthly bond reports.
