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GUNTER ISD posts $20.95M ending balance; board reviews October financial highlights
Summary
District presenters reported an ending account balance of $20,951,945.34 for October, interest earned of $67,968.18, a bond-account drawdown for construction of roughly $2.7M and that tax collections to date represent 6.89% of budgeted tax revenue.
District financial staff presented the October financial packet and highlighted a total ending cash-and-investment balance of $20,951,945.34 across accounts and interest earnings for October of $67,968.18.
The presenter said the 2023 bond account decreased by a little over $2.7 million due to construction payouts and that tax collections for the fiscal year stood at 6.89% of budgeted tax revenue at the time of reporting. Expenditures were reported to be about 40% of the total annual budget, with maintenance and operations at about 61.67% of its budgeted amount when encumbrances are included. The investment report was also updated to align with the fiscal year.
