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Manor ISD finance staff outline fund-balance concerns and target reductions to build reserves
Summary
CFO Moises Santiago and staff told the board current unassigned fund balance is lower than prior audited levels and outlined a plan to reduce operating expenditures by roughly $14 million to meet a multi-year reserve target; current year unassigned fund balance stood near 12.3% against a planning target of 16.4%.
Manor Independent School District finance staff presented the board with current fiscal metrics on Dec. 16 and outlined steps to restore fund-balance targets that affect future budgeting and service levels.
CFO Moises Santiago told trustees the district closed the 2023–24 year with an audited unassigned fund balance of about 27% of total budgeted expenses but that the current year-to-date unassigned fund balance was approximately 12.3%, below the board's planning target of 16.4%. He said the administration has…
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