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WESLACO ISD superintendent reports $5.5M surplus, outlines fund-balance projects
Summary
Superintendent Richard Rivera told trustees the district currently has roughly $5.5 million in surplus at the 4th six-week snapshot, a $65 million fund balance and a three-month reserve; he outlined capital projects funded from savings and recommended delegation to sign short-term electricity contracts.
Superintendent Dr. Richard Rivera delivered the monthly superintendent's report and highlighted enrollment trends, budget performance and a list of completed and proposed capital projects funded from the district's fund balance.
Rivera said the district's current average-daily-attendance (ADA) performance exceeded budgeted estimates and, at the end of the 4th six weeks, the district had a surplus of about $5,500,000. He said the district has roughly $65,000,000 in fund balance, a three-month reserve of $43,000,000, leaving approximately $22,000,000 available for projects. Projects cited as completed or in progress from fund-balance savings included an aquatic-center project, stadium scoreboards and LED lighting, activity buses, portable AC units, turf for baseball and softball at both high schools, playground equipment, and pool demolition with a new storage building.
Rivera also briefed trustees on a consent-item recommendation to approve an energy consultant (Marco Arredondo) and asked the board to delegate authority to the superintendent to sign short-term electricity-service contracts to lock in favorable market pricing as opportunities arise. He warned the district was monitoring market rates and noted that if electricity prices remained high the district could face up to $500,000 in additional cost.
Why it matters: The reported surplus and fund-balance planning directly influence district capital improvements and staffing stability, while short-term contracting for electricity could reduce annual operational costs if the board approves delegated authority.
