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Kennedale ISD board approves budget amendments; construction update and $38M in invested funds reviewed
Summary
Trustees approved budget amendments increasing Fund 199 revenue by about $910,000 and expenditures by $736,613 (net +$173,387). Facilities staff reported junior high renovations nearly complete and retained funds are being held for roofing work; the quarterly investment report showed $37,977,730.70 in district investments.
The Kennedale ISD Board unanimously approved budget amendments that adjust revenue and spending in Fund 199 and received updates on bond construction work and district investments.
Budget changes: Finance director Miss Gilmore told trustees she proposes increases to local revenue (tax and oil/gas collections) and state revenue (adjustments including teacher retention allotment and FSP changes) totaling about $550,000, plus roughly $200,000 additional federal revenue for indirect costs on Child Nutrition funds — a…
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