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Wichita Falls ISD board approves financial reports and adopts budget amendments showing temporary deficits
Summary
The Wichita Falls Independent School District Board of Trustees approved year‑to‑date financial and investment reports and unanimously adopted budget amendments that project temporary deficits tied to recent renovations and program additions; staff said they expect to close the year without a deficit using savings if necessary.
The Wichita Falls Independent School District Board of Trustees on Monday approved the district's year‑to‑date financial and investment reports and adopted budget amendments that show short‑term deficits tied to capital work and program additions.
District staff reported general‑fund revenues through Nov. 30 were roughly 37.98% of budget this year versus 37.86% last year, while general‑fund expenditures rose to about 42.09% from 41.13% the prior year. Staff presented proposed amendments that reflected a projected general‑fund deficit of $2,405,672 and a food‑service deficit of $3,603,156.
The amendments, staff said, reflect several approved and recent commitments, including the McNeil renovation (listed at $12,000,000 in the packet), a $10,000,000 maintenance tax note and planned program additions such as a wrestling program (equipment purchases) and site improvements including playground and tennis‑shade work. "Budgeted funds that are transferred between functions as well as increases and decreases to the district's legally adopted budgets require board approval in the form of a budget amendment," staff explained during the presentation.
Board members asked how the district will cover the temporary shortfalls. A staff member said the district expects to manage the deficit over the remainder of the fiscal year and, if necessary, use savings to balance the books. "That's what the plan is," staff said. Trustees voted 7‑0 to adopt the amendments.
The financial and investment reports were presented and approved as part of the same consent/action sequence; trustees recorded the vote as unanimous (7‑0).
Why this matters: The amendments formalize transfers and additional spending tied to district capital projects and new programming; while the figures show short‑term deficits on paper, staff told trustees the district plans to close the year without a negative fund balance and will report further details in regular financial updates.
The board did not change tax rates or adopt new revenue sources during the meeting. The district will continue routine financial reporting and return to the board if further budget adjustments are required.
