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South San Antonio ISD finance officer reports projected $1M–$1.5M general fund shortfall; investment balance up after tax collections
Summary
At the March 17 meeting the district’s finance staff presented the February financial and quarterly investment reports showing year-to-date revenue and expenditure totals, a projected general-fund deficit, and an increased investment balance tied to seasonal tax collections.
Board finance staff presented the monthly financial report for February 2025 and the quarterly investment report during the March 17 South San Antonio ISD Board of Trustees meeting.
Finance presenter Mr. Kingman told trustees general‑fund year‑to‑date revenue stood at about $48.4 million, up from $42.6 million in January, with February collections of approximately $5.8 million (about $2.5 million from local property taxes and $3.2 million from state foundation school program receipts). Year‑to‑date general‑fund expenditures were reported near $36.0 million. Kingman said the…
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