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Laredo ISD finance update: $23.5M May disbursements, carryovers and frozen federal funds raise staffing and program questions
Summary
Finance staff reported $23.5 million in May disbursements and outlined carryover balances for Title I and special education. Trustees pressed administrators about frozen federal funds, potential use of carryovers, and plans for sensory rooms, accessible playgrounds and ADA transport vehicles.
Finance staff told the Laredo ISD Board's Business and Support Services Committee on July 15 that the district's cash disbursements for May totaled $23.5 million, including about $16 million for payroll and $7.3 million for goods and services.
Diana Ayala, identified in the meeting as the district finance presenter, said unaudited year-to-date revenues were about $211.5 million, roughly $1.7 million lower than the same period last year primarily because of decreased interest earnings. The tax collection summary reported $34.4 million in July-to-May collections, or 93.46% of the budgeted levy, Ayala said.
Trustees spent substantial time reviewing…
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