Goose Creek CISD reports stable fund balance while budget committee continues reduction work
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Summary
District finance staff reported the general fund is stable, projected year‑end fund balance about $107 million, and investment earnings of roughly $2.2 million for the last quarter; the budget committee is refining reductions amid ADA declines and personnel cost pressures.
Vienna Price, the district finance presenter, told trustees the month‑ending Jan. 31, 2026 financial report shows revenues and expenditures aligned with the amended budgets and projects an approximate $107 million fund balance at year‑end. The debt service fund exceeded 100% of expected revenues in part due to a January bond refunding transaction; food service operations and the district’s investment portfolio were also summarized.
Price highlighted a quarterly investment summary (quarter ending Dec. 31, 2025) in which the district earned approximately $2.2 million in investment earnings. She said the district’s investment portfolio remains compliant with board policy and the Public Funds Investment Act.
Administration also presented budget committee work: the committee has met multiple times and is considering personnel, program evaluations and a TASB staffing model to inform reductions. Administrators said personnel accounts for roughly 80–85% of district expenses and noted enrollment and average daily attendance declines as key revenue drivers.
Board members asked about clawbacks and other revenue uncertainties. Administration described a recent state review of School Health and Related Services (SARS) and the risk of clawbacks going back to earlier years, which could affect the district’s planning. The district said it is starting the 2026‑27 budget at a balanced position but will continue refining figures as taxable values (expected in April) and TASB study results arrive.