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Boerne ISD approves general-fund budget amendment after state revenue uptick
Summary
Boerne ISD trustees approved a general-fund budget amendment reflecting an estimated $2 million increase in state revenue tied to frozen-value reporting, shrinking the district—s projected deficit by roughly $1.3 million and improving the deficit by about $4 million overall.
Boerne ISD trustees approved a general-fund budget amendment at their April 21 meeting after staff reported updated state revenue and internal reclassifications that improved the district—s fiscal picture.
District finance staff presented a budget amendment that included a roughly $2,000,000 increase in state revenue related to frozen-value reporting and a reclassification of recurring and nonrecurring entries. The presentation noted a $1,300,000 reduction in the projected deficit tied to those adjustments and described additional one-time and recurring expenditure pressures the district continues to monitor.
Mr. Scott, presenting the financial update, told trustees the district—s quarterly investment portfolio value was reported at $116,600,000 with approximately $4,660,000 earned in investment income year-to-date. Trustees discussed nonrecurring costs such as contracted services and a longevity stipend enacted earlier in the year; the longevity stipend contribution this year was described as "a little over" $1,000,000.
After discussion, the board voted by voice to approve the budget amendment, the donation report and the tax-collection report. The board also approved a separate personnel report and the consent agenda without change earlier in the meeting.
Next steps: district staff will incorporate the adopted amendment into final-year projections and present updated combination scenarios at the May budget workshop ahead of final budget adoption in June.
