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Katy ISD finance update: payroll tracking, debt timing and budget amendments for dual‑credit and capital projects
Summary
Katy ISD presented mid‑year financial reports showing payroll at 48% of budget, debt payments concentrated in February (80%), and April budget amendments including HCC reimbursement for dual‑credit teacher pay and a $12,000 naming gift for a track.
At the April 14 Katy ISD work‑study meeting the district’s finance team presented February financial statements and several budget amendments.
Jamie Hines, assistant superintendent for finance, told trustees the district is at the fiscal midpoint (50% through the year) and that payroll—KISD’s largest expense—was tracking at about 48% of budget. He said debt payments appeared high (about 80%) because principal and interest are paid in mid‑February; that…
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