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GUNTER ISD reports $24.97 million ending balance; tax collections top 100%
Summary
The district reported a $24,965,537.37 ending balance for April, transfers between accounts and tax‑collection rates exceeding 100%, and $77,834.08 in interest earned across accounts.
At the board meeting, the finance presenter reported the district's April ending balance: "Our total ending balance for all of our accounts was $24,965,537.37," the speaker said. The presenter described material transfers, including an $890,000 decrease in the marginal operating investment account to cover monthly obligations and a $261,559.06 decrease in the 2023 bond account for outstanding projects. Interest earned for the period was reported at $77,834.08.
The presenter also summarized tax collection and budget performance: general fund collections were reported at 101.46% and debt service (I&S) at 116.95%. Revenue collections exceeded budget by $188,513 for the year to date, while expenditures were reported at 86.86% of budgeted amounts. The presenter invited questions but did not record a formal vote or action on the report.
