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Arlington ISD finance update: child nutrition revenue down, bond refunding yields $49.2M taxpayer savings
Summary
CFO Darla Moss told the board the district is tracking lower enrollment and ADA and proposed budget amendments; the district’s February bond sale and refunding produced an estimated $49.2 million in savings for taxpayers.
Arlington ISD finance leaders reported updated budget forecasts and a bond sale on March 13, flagging lower enrollment and attendance, a proposed amendment to several funds, and results of a bond refunding that district staff said will save taxpayers about $49.2 million.
CFO Darla Moss said the district had received about 67% of projected general fund revenue and spent about 53% of budgeted general fund expenditures as of the January reporting period. She told trustees enrollment had fallen from 53,083 in January to roughly 52,009 and that average daily attendance (ADA) declines in February were driven in part by illness…
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