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Santa Rosa ISD reviews December 2024 financial and bond allocation reports
Summary
CFO Marisa Cuevas presented December financial tables showing General Operating Funds realized revenue ~41.2%, bond beginning balance $7.5M and interest earned $539,311.11; the packet lists total bond funds of $8,039,311.11 and a remaining bond balance of $3,239,821.57.
Chief Financial Officer Marisa Cuevas presented the district’s December 2024 financial reports and the 2023 bond allocation summary during the Jan. 20 meeting.
The packet included the bond allocation table showing a 2023 bond beginning balance of $7,500,000, interest earned of $539,311.11 (as of Jan. 15, 2025), and a reported total bond funds figure of $8,039,311.11. The bond allocation spreadsheet listed "Total Allocated" of $4,799,489.54 and calculated a remaining bond balance of $3,239,821.57 (the packet notes the bond balance includes surplus). CFO materials also summarized district cash and investments: the packet’s "TOTAL ALL FUNDS" figure was $10,988,568.92 as of Dec. 31, 2024.
The December revenue/expense tables in the board packet noted General Operating Funds realized revenue at 41.22% for the fiscal-year-to-date period and combined total revenues of $22,173,560.35 (with realized portion shown). The tax collections report in the packet showed current taxes collected to date at $1,200,425.80 (59.42% collected as of Dec. 31, 2024). Board members did not alter or amend these monthly financial reports at the meeting.
