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Goose Creek CISD reports strong reserves, $12.2M favorable variance and bond refunding to save taxpayers nearly $7M
Summary
Preliminary year-end figures show general-fund revenues roughly $280.5 million, an estimated ending fund balance of $127.7 million (about 47% of the operating budget), and a bond-refunding transaction administrators said will save taxpayers nearly $7 million in interest.
Bridget Clark and Ms. Price presented preliminary year-end results as of June 30, 2026, and emphasized that numbers remain subject to audit adjustments. Ms. Price said the district's general-fund revenues are estimated at approximately $280,500,000 (about $5,500,000 above the amended budget) and expenditures are estimated at approximately $275,700,000 (about $6,700,000 below the amended budget), producing an overall favorable budget-to-actual variance of about $12,200,000. The projected ending general-fund balance is approximately $127,700,000, roughly 47% of the operating budget.
Officials said capital and bond work continue, with $492,000 remaining from bond savings and interest earnings; the 2019 bond fund was reported at 98% complete on projects. Clark summarized bond-refunding results and estimated the transaction will save taxpayers nearly $7,000,000 in interest. She said rating agencies cited strong reserves and that the district maintains a strong position across major funds; the child-nutrition fund shows a planned spend-down to meet a TDA-approved target.
Trustees asked about logistics for spending down the nutrition fund and whether policy or board action was impeding progress; staff said they are working through approvals and TDA processes and will continue to coordinate on spend-down tools.
