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Crowley ISD finance team flags voucher risk, reviews fund‑balance and utility trends
Summary
District finance staff reviewed guiding fiscal principles, fund-balance goals (target 17% of general operating expenditures), revenue/expenditure forecasts, potential voucher impacts (planning for 3–5% revenue reduction), and an energy briefing on rising utilities and conservation opportunities.
Mr. Fisher, the district's finance lead, presented the finance department's 'big six' principles and stressed a conservative budgeting approach and a fund-balance goal to protect operations. He told trustees the district is monitoring revenue and may reduce revenue estimates by up to 5% to plan for potential voucher impacts.
Fisher outlined performance metrics including a clean external audit (unmodified opinion) and the district's goal of a B rating on financial indicators. He said the district will continue to monitor actuals monthly and prepare for possible budget restrictions to avoid drawing down fund balance.
Jamie Jackson, the district's energy manager, briefed the board on utility costs and conservation: Crowley ISD has grown from about 2.5 million to 3.7 million square feet and locked a favorable electricity contract in prior years that may expire; Jackson estimated the district could pursue green-energy rebates (one project might yield a conservative ~$1,000,000 rebate) and stressed planning for rising natural gas and water costs.
