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Burleson ISD financial update: December revenue and expenditures reported; budget amendments approved
Summary
Finance director Brenda Mize presented the district’s December financials, reporting general fund revenues of 56,900,000 and expenditures of 53,400,000, and the board approved budget amendments; additional details on debt service, food service and capital projects were provided.
Brenda Mize presented the Burleson ISD financial report for December at the Feb. 9 board meeting, summarizing revenues, expenditures and fund balances.
Mize reported general fund revenues of 56,900,000 and general fund expenditures of 53,400,000 for the period compared with the prior year. She said tax revenues were slightly lower year over year while state funding was higher, and noted that tax collections often continue into January and February because of the Jan. 31 tax due date.
Food service revenues were reported at 3,600,000 with expenditures of 3,300,000. For debt service, revenues were 10,800,000 and a payment of 13,800,000 had been made in August; Mize said the debt service fund had a sufficient beginning balance to cover the payment. Special revenue receipts were cited at about 411,000 for the month and 4,100,000 year-to-date. The tax report for December showed collections of 13,200,000 for the month and year-to-date collections of 18,300,000. Mize also summarized capital projects and reported oil and gas beginning balances and additions.
After the presentation, the board approved budget amendments as presented; the finance director said details and a full list of payments over $10,000 were available in the board packet.
