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Gainesville ISD mid-year budget: district has collected 22% of projected revenue, payroll accounts for majority of expenditures
Summary
Director of Finance Dr. Jon Hill reported the district had collected 22% of projected revenue (95% from state sources) and expended $17,014,317 (38% of the $38,114,385 budget) with payroll representing 63% of expenditures through mid-December.
Dr. Jon Hill, Director of Finance, presented the mid-year fiscal update covering September through mid-December. Hill reported the district had collected 22% of its projected revenue: 95% of that revenue was state-sourced, 5% local and less than 1% federal.
Hill said the district had expended $17,014,317, or 38% of the $38,114,385 budget. Of those expenditures, 63% were for payroll, 11% for contracted services, 7% for general supplies, 5% for travel and miscellaneous services, 1% for debt, and 13% for capital outlay and improvements.
