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Boerne ISD approves budget amendment recognizing TRS on‑behalf contribution; February donations and tax collections reported
Summary
Trustees approved a general‑fund amendment that recognizes roughly $500,000 in TRS 'on behalf' revenue/expenditures with no net fund balance effect; the district reported $9,000 in donations for February (including $5,000 from Fiber Precast) and tax collections of $108.5 million (94.92% of the 2025 levy).
The Boerne ISD Board of Trustees approved a budget amendment and accepted reports on donations and tax collections at the March 23 meeting.
Finance staff told the board the amendment includes recognition of the state’s teacher retirement system (TRS) contribution made 'on behalf' of employees—recorded as both revenue and an offsetting expenditure—totaling just under $500,000 and having no net impact on fund balance. "This is recognized as an increase to state revenue and as an increase to the functional expenditures. So, the net effect on fund balance is zero," the presenter told trustees.
The board also reviewed a donation report showing $9,000 in February, including a $5,000 gift from Fiber Precast toward walking track restoration. The tax collection report indicated $108.5 million collected to date, equal to 94.92% of the 2025 levy and slightly ahead of last year’s pace at the same point.
Trustees asked follow‑up questions about delinquent accounts, debt‑service timing and whether excess collections might permit defeasance or building fund balance. Finance staff said investment income and additional state revenues tied to homestead exemption increases affected the debt‑service totals and that potential defeasance and debt‑service fund balance strategy would be examined.
A trustee moved to approve the budget amendments, donation report and tax collection report; the motion was seconded and approved by unanimous voice vote.
