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San Angelo ISD finance briefing: $50M unassigned, payroll near $9M monthly; public suggests revenue ideas
Summary
At a finance and audit committee workshop the district reported about $50 million in unassigned funds, roughly $63 million (46%) of revenue collected and monthly payroll near $9 million; a public commenter proposed using Jumbotron advertising and a fifth-day virtual option to reduce costs.
During the Feb. 16 finance and audit workshop, Dr. Mills reviewed the district’s current fiscal position and answered trustees’ questions about the check register, payroll and investments.
Key figures provided by Dr. Mills: approximately $50,000,000 in unassigned funds; about $5,000,000 in restricted funds (roughly $4,000,000 of which has been committed to capital purchases); the district had collected about 46% of its revenue…
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