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Bond update: district reports $84.5M cash on hand and anticipates summer bond sale
Summary
Finance staff said Royse City ISD has about $84.5 million in cash available for the bond program and expects a potential $40 million bond sale next summer, contingent on property values; enrollment rose to 10,186.
Byron Bryant presented the district's 2023 bond program update and finance picture. He told trustees the district had roughly $84,500,000 of cash on hand to carry projects into the next school year and said the district plans another bond sale next summer, with a working estimate of around $40,000,000 depending on spring property values.
"We've still got, $84,500,000 of cash on hand," Bryant said, adding that proceeds and property-value trends will determine the pace of completing bond projects. Administration also reported an enrollment count of 10,186, an increase of about 160 students from the prior October, and asked trustees to continue monitoring demographic and economic inputs that affect revenue timing.
