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GUNTER ISD finance officer reports $33.28M ending balance; bond accounts hold roughly $29.3M
Summary
Finance presenter reviewed the month-ending 10/31/2024 statement: total district ending balance about $33.28 million, combined bond accounts around $29.31 million, with explanations for year-to-date revenue reclassifications and timing effects.
At the board meeting, the district's finance presenter (staff member, speaker 6) walked trustees through October financials and investment account balances. "We have the Lamar checking with an ending balance of $2,081,990.46," the presenter read, and then summarized bond construction and sweep balances that together bring combined bond accounts to approximately $29,310,150.83. The presenter reported a district-wide ending balance for October 31 of $33,283,189.14.
He explained that differences in year-to-date state revenue compared with prior years are driven by reclassifications and timing — including a "settle up" amount and reclassifying August instructional days back to the 23-24 year — and noted he adjusted the books in advance of auditors. The report also highlighted that payroll remains the largest expenditure category and that food-service and debt-service timing explain some zero or low figures in month-to-month comparisons.
