Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
KIPP Texas board approves revised FY25 and FY26 budgets; FY26 shows $18M deficit to be managed with KTFF support
Summary
The KIPP Texas board unanimously approved revised FY25 operating/capital budgets and the FY26 operating/capital budgets on June 5; management flagged an $18M projected FY26 deficit, three principal risks (SPED transportation, enrollment decline, unplanned expenses), and noted HB2 passage could materially change FY26 projections after TEA rulemaking.
KIPP Texas’ finance team presented revised financials and asked the board to approve both a FY25 revision and the FY26 operating and capital budgets at the June 5 meeting. The board voted unanimously to approve the FY25 revised budgets and later unanimously approved the FY26 budget, which currently projects an $18,000,000 deficit.
Chief Financial Officer Sun Han said the FY25 deficit was solved this year through a combination of ESSER funds, KIPP Texas Future Fund (KTFF) support and expense reductions. For FY26, Han and deputy chief Joe Heichel presented three principal risks to the budget:…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
