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Waco ISD finance director reports $7.1M year‑end surplus; board approves budget amendments
Summary
Chief financial officer Cheryl Davis told trustees the district closed the prior year with a $7.1 million surplus after moving and spending federal ESSER funds; trustees unanimously approved consent agenda and a $350,000 budget amendment for Waco High weight room drawn from bond funds.
WACO — Cheryl Davis, Waco ISD chief financial officer, reported to the board that the district closed the previous fiscal year in the black by about $7.1 million after using unspent ESSER funds, property value appeal adjustments and some one‑time items.
"We had thought we'd end up in the red about $697,000; we ended up in the black $7,100,000," Davis said during her overview, describing how federal ESSER dollars and late property value adjustments affected final balances.
Davis told the board the district's fund balance totaled 32.9% of last year's expenditures and 31.8% of the current year's budget after accounting for inventories, prepaid items and purchase…
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