Laredo ISD reports March cash disbursements of $22.7 million; budget amendments and bond project status presented

Miss Ayala, presenting financial summaries to the Laredo ISD Board of Trustees, said total cash disbursements for March 2025 were $22,700,000, with $15,000,000 for payroll and $7,700,000 for goods and services.

The board received unaudited financial statements through March 31, 2025. Ayala said year-to-date revenues were above expenditures by about 4.6% for the general operating fund and that year-to-date revenues compared to time lapsed were at about 79% (time lapsed 75%). For debt service, Ayala said revenues were temporarily below expenditures because of payment timing but that the district had an ending fund balance of $28,600,000 available for upcoming August payments.

On tax collections, the district reported July–March collections at 32.4% of the levy, equivalent to 90.74% of a budgeted figure of $35.7 million. Compared with the prior year, collections were $2 million higher.

The board reviewed several budget amendments: a food-service fund amendment of $30,000 (BA 24-25-45) to reassign functional expenditures; a general operating fund amendment of $172,412 (BA 24-25-46) for transfers across functional categories; and a $2,974,984 amendment (BA 24-25-47) to appropriate revenues and expenditures for the teacher incentive allotment.

Progress reports on bond projects showed the 2018 bond (originally $102 million) had a 97.14% expenditure rate and the 2022 bond ($48.7 million) had a 59.13% expenditure rate. Donations reported included current donations of $57,728 and fiscal-year-to-date donations of $292,613.

The board reviewed a list of tax-refund requests for 2024, including four small refunds ranging from $624.43 to $969.88 for identified accounts and taxpayers; trustees took the items as presented with no substantive discussion.

Trustees were reminded of upcoming meetings and events, including a budget workshop on May 15 and a service award ceremony on May 13.