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Taylor ISD projects $39M year-end revenue; officials note one-time Samsung gift
Summary
At budget workshop No. 3 trustees reviewed revenue and expenditure projections: staff forecast $39 million in revenue for the year (up from a $36 million budget), including a $1 million donation from Samsung, and estimated expenditures of $38.1 million.
Taylor Independent School District staff presented workshop No. 3 of the 2024--25 budget cycle, providing updated revenue and expenditure projections and enrollment/ADA figures ahead of final budget decisions.
The district—s CFO reported an estimated year-end revenue of about $39 million compared with the adopted budget of approximately $36 million. The presenter said part of the increase reflects a $1 million donation from Samsung that was received in the current year and will not recur next year.
Why it matters: revenue and expenditure projections guide staffing, stipend, and program decisions for the coming year. Trustees asked staff to continue reviewing staffing and stipend rates while monitoring legislative outcomes that could affect school finance.
Details presented: the revenue breakdown showed local revenue (tax levy, facility rentals, activity receipts) as the largest component, state funding as the next significant portion and federal funding in a smaller share. The presenter said realized cash receipts to date plus estimated additional receipts produced the $39 million end-of-year projection.
Expenditures: estimated end-of-year expenditures were presented at $38.1 million, and the presenter said these estimates include expenditures related to the Samsung donation. The district reported enrollment of 2,897 students and budgeted ADA at 2,774; the presenter said the district—s first 3- and 6-week ADA average was 2,609 (noting summer PEIMS submission figures vary).
Process notes: staff confirmed they will continue reviewing staffing, stipends and rates and would schedule any necessary workshop sessions in June depending on legislative activity. Trustees asked for hands-on budget exercises in an upcoming session to explain school finance to committee members and the community.
No formal budget adoption occurred at the meeting; the presentation was part of the board—s ongoing budget workshop sequence.
