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Magnolia ISD reports year-to-date deficit in November dashboards, ending fund balance noted
Summary
District financial dashboards through Nov. 30, 2025 show YTD General Fund revenue of $32,004,952, expenditures of $41,428,741 and an ending General Fund balance listed as $33,596,526; Assistant Superintendent Erich Morris recommended approval of November payroll and operating expenses totaling $13,166,938.
Magnolia ISD's business office presented financial dashboards at the Dec. 8 board meeting showing year-to-date General Fund revenues of $32,004,952 and expenditures of $41,428,741 for the period ending Nov. 30, 2025. The dashboard lists a net change and an ending fund-balance figure for the General Fund and shows top revenue sources, payroll costs, and investment holdings across multiple pools and accounts.
Assistant Superintendent of Operations Erich Morris provided the memo recommending approval of November payables. The memorandum lists a check-register total of $2,182,188 and requests approval of payroll earnings and operating expenses totaling $13,166,938 for November. The minutes record financial detail in multiple dashboards: payroll costs and instruction remain the largest expenditure categories, and investment balances were listed across Woodforest Bank, TXCLASS, Lone Star and ICG Investments.
The district's financial pages in the minutes include line items and percentages (for example, General Fund YTD revenues shown as 21.83% of annual budget and expenditures at 28.36% of budget). The board approved the monthly financials as part of the consent agenda. No separate public discussion of the financial details was recorded in open session.
