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Finance director presents April 2025 report: general fund on pace, food service faces summer-driven deficit, debt service surplus could enable debt retirement
Summary
The district reported year-to-date general fund revenue of $56.3 million and expenditures of $48.7 million, is building its 2025–26 budget amid legislative uncertainty, flagged an expected food-service deficit driven by summer months, and noted a growing debt-service surplus that could allow early debt retirement or restructuring.
At the South San Antonio ISD board meeting Finance Director Tony Kingman presented the district’s April 2025 monthly financial report and outlined next steps for the 2025–26 budget amid an ongoing state legislative session.
Kingman reported year-to-date general fund revenue of $56.3 million and year-to-date expenditures of $48.7 million, leaving the district on pace with a projected year-end general fund spending level of about $80 million (excluding tax notes and other nonrecurring items). He told trustees that April receipts were unusually low because the district did not receive Foundation School Program payments that month and reiterated the Texas Education Agency guidance that districts maintain at least three months of operations in fund balance.
The food service fund provided roughly 6,500,000 in revenue for the year and incurred about 6,400,000 in expenditures as of April, figures Kingman said point to an anticipated year-end deficit of roughly 1,000,000 driven by summer months when revenue falls but staffing costs continue. Kingman said operational renovations are underway in the department to aim for structural balance next fiscal year.
In the debt service fund the district has collected approximately 14,000,000 year-to-date, including about 300,000 in local property taxes in April, while expenditures remained near 2,200,000 reflecting the semiannual payment cycle. Kingman said the accumulated surplus in debt service opens the possibility of early debt retirement or restructuring to achieve long-term savings.
Kingman said the district is proceeding conservatively while the state legislative session — scheduled to conclude June 2 — remains unresolved, and that final legislative outcomes will be critical to revenue projections for next year. He asked the board to preserve flexibility as staff build the 2025–26 budget and noted staff will return with proposals once legislative guidance is final.
Trustees asked clarifying questions; Kingman and staff said funds described as one-time (for example those derived from the disaster-pennies provision) will be used for nonrecurring expenditures, and that debt restructuring proposals would be considered in the coming fiscal year.
