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Midway ISD reports $83.5 million in bond proceeds, $82 million remaining after initial spending
Summary
CFO-level presentation to the Board reported $83.5 million in bond proceeds received in March, with roughly $82 million remaining after initial outlays for vehicles and technology; a bond budget worksheet will be provided monthly to track spending by project.
Wesley Brooks presented the monthly finance report on April 21, telling trustees the district received $83.5 million in bond proceeds in March. After initial expenditures on vehicles and technology, approximately $82 million remained.
Brooks said the district will begin providing a bond budget worksheet next month to show budgeted versus actual spending for each project. The board packet included the Quarterly Investment Report and other finance materials for trustees’ review.
The finance update was delivered as part of the Board’s information items and was not a separate vote item; trustees heard the report and requested ongoing project-level tracking of bond expenditures.
