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Mustang board hears FY25 financial recap; officials say district is in a ‘relatively good spot’
Summary
At the Mustang School Board meeting, Brenton Bradley presented a fiscal‑year 2025 overview showing roughly $128 million in general‑fund revenue, $114 million in expenditures and a $17 million carryover held partly for the new Sunset Hill Elementary; bond proceeds and property‑tax reliance were highlighted.
Brenton Bradley, who identified himself during the meeting, briefed the Mustang School Board on fiscal‑year 2025 finances, saying the district is "in a relatively good spot" despite costs associated with opening Sunset Hill Elementary.
Bradley said general‑fund revenue for FY25 was about $128,000,000 with expenditures near $114,000,000 and a carryover of roughly $17,000,000 that the district built up in anticipation of new‑school staffing and startup costs. He told the board that about 25% of general‑fund revenue comes from property taxes and that salaries and associated benefits make up the largest portion of expenditures.
The presentation broke the budget into fund-level summaries. Bradley said the building fund (Fund 21) had roughly $7.3 million in revenue and $5.3 million in expenditures, with utilities representing about 31.9% of that fund’s planned spending. Bond Fund 33 — the 2023 bond series — showed proceeds near $26,000,000 and expenditures approaching $24,000,000; the fund carried roughly $7,000,000 forward. Bond Fund 34 is winding down, Bradley said, with a $2,000,000 carryover and lower remaining appropriations. The transportation fund (Fund 38) used bond proceeds to purchase buses and has ordered five additional buses this fiscal year, he said.
Bradley noted the district’s sinking fund and other bond‑related accounts are heavily sustained by ad valorem (property) taxes and that the January property‑tax deposit is a key revenue milestone each year. He also described the carryover as a cushion against fluctuations in returns and local growth that affect bond payments.
On the process and materials, Bradley acknowledged a minor aside about his charts: "I, full disclosure, I asked AI to help me with the graph," a comment that drew light responses from other board members.
Board members asked clarifying questions about fund breakdowns and expenditures; Bradley described the presentation as a high‑level, 30,000‑foot view and invited members to request any further detail.
The board approved the financial consent agenda after the presentation. Bradley told the board he would provide an updated fiscal outlook after the January property‑tax receipts and at the next routine budget update in March.
What’s next: The board will receive another update in March after the district reconciles January ad valorem receipts and the CFO (finance staff) finalizes midyear closing.
