Citizen Portal
Sign In

Get AI Briefings, Transcripts & Alerts on Local & National Government Meetings — Forever.

Claim Your Spot

Katy ISD finance staff report corrected February statements and $9.86 million revenue recertification

Board of Trustees of Katy Independent School District · April 13, 2026

Loading...

AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance staff told the board February payroll is about 49% of year-to-date budget and debt service was 78% due to scheduled payments; staff corrected a published typo (function 61) and presented April budget amendments including a $9,857,380 revenue increase tied to preliminary property-value recertification and TEA methodology changes.

Jamie Hines, Katy ISD’s Assistant Superintendent of Finance, presented February financial reports and highlighted that payroll costs are at about 49% of the fiscal-year budget through six months, with most functions below 50% and debt service at 78% because principal and interest payments occur in February. Hines alerted trustees to a corrected publishing error in the financial statements: function 61 for purchased and contracted services had been printed as 100% but should have read 53%.

During Q&A trustees asked about an apparent increase in bond savings to roughly $35 million. Staff explained the entry reflected realized savings tied to Elementary School No. 49 coming online and favorable market conditions; subcontractors’ familiarity with the repeated design and a strong local pricing environment reduced costs below original estimates.

Esperanza Rios, director of budget and treasury, presented April budget amendments. Rios said staff proposed a $22,174 amendment for the regional day school for the deaf to align revenue to expenditures after updated PEIMS student numbers, and a $9,857,380 increase in general-fund revenues resulting from the Texas Comptroller’s recertification of preliminary property values and a new methodology for calculating the frozen-levy hold-harmless (hold-harmless) amount. Rios and staff described the roughly $9.86 million as a mix of revised property-value results and changes in TEA funding methodology; staff noted part of the change is expected to be reflected again in next year’s budget.