Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
CFO says district in sound reserve position; presents VADER and non‑VADER budget scenarios ahead of November election
Summary
CFO Stan Osborne told trustees the district projects an Aug. 31 fund balance near $25.0 million (exceeding a cited TEA reserve of about $21.4M), discussed conservative non‑VADER budgeting, and outlined projected VADER revenue (~$91.3M) vs. non‑VADER (~$87.2M) scenarios with an $85M expense projection for next year.
Stan Osborne, chief financial officer, provided the board with the June 2026 financial presentation and a budget workshop on July 20.
Osborne said the district projects an Aug. 31 general-fund balance of about $25,000,000 and noted the TEA first-rating reserve guidance of approximately $21,400,000. He warned that year-end accounting cleanups and TEA ‘‘settle‑up’’ adjustments in September could change final numbers but characterized the district’s posture as healthy.
On the pending VADER election (planned for November), Osborne presented two planning scenarios: a VADER projection cited at roughly $91,300,000 and a non‑VADER revenue projection near $87.2 million. Under current assumptions the district’s planned expenses are about $85,000,000, which leaves a conservative positive position in either scenario; the CFO said the district will build the budget on non‑VADER assumptions and pursue amendments if VADER succeeds.
Osborne noted specific items: a planned debt paydown of about $4,000,000 next fiscal year, child‑nutrition and debt service funds in good condition, and ongoing adjustments related to payroll, teacher retirement allocations, and incidental facilities repairs (roof leaks, AC-unit thefts) that could require budget amendments in August.
Trustees asked whether recent facility events or other outlays would change the $85.67M budget projection; Osborne said the non‑VADER numbers shown do not yet reflect additional identified facility needs and that any changes would be discussed after the election when the board decides on amendments. He also discussed potential one‑time ‘‘settle up’’ revenues from TEA estimated around $3,000,000.
