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Magnolia ISD General Fund shows year-to-date deficit as trustees review month-end reports
Summary
District staff presented December financials showing YTD revenues of $42.73 million and YTD expenditures of $53.12 million, a reported deficit for the period; Assistant Superintendent Erich Morris recommended approval of December payroll and operating expenditures totaling $14.63 million.
Assistant Superintendent Dr. Erich Morris presented the Business Office memo and recommended that trustees approve December payroll earnings and operating expenses totaling $14,626,751. "It is my recommendation that the December 2025 payroll earnings and operating expenses in the amount of $14,626,751 be approved," the memo states.
The meeting packet and staff presentation included General Fund dashboards: YTD revenues $42,731,374 and YTD expenditures $53,117,822, producing a reported YTD deficit and a projected year-end fund balance shown in the packet. Payroll costs were the largest object category year to date. Trustees approved the monthly financials as part of the consent agenda; the board did not take separate appropriations or budget amendments in open session.
