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BISD reports $55M in revenues for September; quarter shows operating deficit as TEA payments and tax collections lag
Summary
CFO Alejandro Cespedes told trustees the district recorded approximately $55 million in revenues by Sept. 30 (including about $42 million TEA payment) and $98.5 million in general-fund expenditures for the quarter, producing an operating deficit driven by timing of state payments and property-tax collections.
Brownsville ISD Chief Financial Officer Alejandro Cespedes reported to trustees that, as of Sept. 30, the district had recorded approximately $55 million in general-fund revenues and about $98.5 million in expenditures for July–September, creating a $43.4 million operating deficit for the quarter. Cespedes emphasized the figures reflect timing: the district had received its first TEA payment of roughly $42 million and property tax collections historically ramp up in October with the new tax year.
Cespedes also provided detail on other fund groups: special revenue (state and federal grants) showed roughly $2.8 million in revenue and $13.3 million in expenditures—deficits he described as a function of reimbursement-based grants—and debt service revenue of about $483,000 with $4.6 million in expenditures, reflecting the district’s August interest payments. He said district staff are monitoring the self-insurance fund, which showed about $10.6 million in receipts and nearly $14 million in claims paid through the quarter.
Board members asked questions about monthly TEA drawdowns, the classification of ESSER projects in the budget amendment and whether returned allowances from completed projects would be available for other campus needs. Cespedes explained legal limits on ESSER reobligation and described planned reclassifications of allowable salary costs to maximize ESSER drawdown during the liquidation window.
