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ISD 622 board approves 2024-25 budget revisions including $609,000 revenue increase in general fund
Summary
The ISD 622 school board approved revisions to the 2024-25 district budget, reporting an increase in general fund revenue of about $609,000, adjustments to community service revenue, and alignment of self-insurance fund estimates; the board voted to adopt the revisions as presented.
At its regular meeting, the Independent School District 622 school board approved proposed revisions to the district's 2024-25 budget to reflect updated revenue estimates and expenditure changes, the director of finance told the board.
The nut graf: The board adopted revisions affecting three funds: the general fund (Fund 1), community service (Fund 4), and self-insurance (Fund 20). The director of finance said the general fund revenue estimate increased by just over $609,000, largely because of higher-than-projected enrollment; general fund expenditures were revised downward by about $166,000. Community service (Fund 4) showed a revenue increase of roughly $369,000 tied to additional adult basic education, community education, early childhood family education, school readiness and nonpublic pupil aid; expenditures were increased by about $51,320. Fund 20, the self-insurance fund, had both revenue and expenditures adjusted to $22,600,000 after annualization with the district's insurance broker.
Director of finance (name not specified in the record) told the board the revisions align spending with available funding and reflect updated projections and working with USI, the district's insurance broker, to annualize Fund 20 estimates. A board member asked whether the increased revenue was from state aid; the finance presenter answered that it was state funding tied to higher enrollment than projected when the budget was adopted in June 2024.
The board motion to revise the 2024-25 budget as presented was moved by Yener, seconded by Swore, and passed on a voice vote.
Ending: The board directed staff to continue monitoring enrollment, expenditures and any state or federal changes affecting district funding and to report updates at future meetings.
