Sharyland ISD finance staff says 2023–24 audited financials show positive fund balances; capital projects mostly funded

Sharyland ISD held a budget workshop in which district finance staff reviewed the district’s audited 2023–24 financial statements and reported positive net changes in fund balances across the general fund, the child nutrition fund and debt service.

The finance presenter said the general fund showed “a net change in fund balance ... a little over a million dollars, 1 million a hundred and 10 thousand 1 80,” and that the district began the 2023–24 year with a fund balance reported as “$37,000,002.83” and ended the year with an increased balance as reported in the audited numbers. The presenter added the child nutrition program produced a positive net change in fund balance of 38,882 and the debt service fund showed a positive net change (reported as 974, $6.42 in the presentation). The presenter emphasized that those audited fund-balance figures are what “TA” will use to calculate fund-balance requirements for first‑rating purposes.

The presenter described the district’s calculation method for the…