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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 combined revenue increase near $910,000. Expenditure increases across payroll and other functions totaled $736,613, leaving the net improvement to the fund balance at about $173,387. The board approved the amendment with the CTE line item held for separate action.
Construction update: project staff and project manager Josh Kab reviewed bond projects under way. Kab said the junior high interior renovation is largely finished with remaining classroom finishes scheduled for summer; the pickup/drop canopy and corridor finishes are near completion. At Patterson the new library is nearing substantial completion and the district will coordinate a transition once school lets out. Kab said the district is withholding retainage from a roofing contractor while remaining leaks are resolved, and confirmed fencing materials for the high school remain delayed (contractor estimated two more weeks for materials).
Investment report: the district’s quarterly investment report, presented to trustees, listed $37,977,730.70 invested across TexPool, TexStar and a Wells Fargo money‑market account. The largest share (~93.6%) was in TexStar (about $35.5M), including both bond funds and general funds. Trustees approved the investment report by unanimous vote.
What the board approved and next steps: trustees approved the budget amendments, accepted the construction status report and approved the quarterly investment report. Staff will continue to track project punch‑list items, finalize retainage release once roofing issues are resolved, and return with any needed budget follow‑ups.
