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CFO reports $66M budget; trustees approve intra-budget amendments with no change to general fund balance
Summary
CFO Daryl St. Clair reported district revenues of $53.5M to date against a $66M budget and presented four intra-budget transfers that do not alter the beginning/ending general fund balance; the board approved the amendments.
Chief Financial Officer Daryl St. Clair reviewed the district’s budget-versus-actuals and said the total approved budget across general, food service and debt service was $66,000,000 and the district had collected $53,500,000 so far. “Of the total 66,000,000, so far we've collected, 53,500,000,” he said, and noted roughly $13,000,000 remains to be collected between now and August for the fiscal year.
St. Clair also walked trustees through investment and tax-collection numbers, pointing out bond-sale proceeds placed in Texas Class (reported as $38,000,006.98) and that current collections are running near 94%. He described four budget amendments that shift money among functions without changing the general fund balance; a motion to approve the amendments carried by voice vote.
