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Budget presentation: ADA decline, property-value gains and revenue drivers shape Groesbeck ISD's spending plan
Summary
District staff told trustees that refined ADA (1,410.750) and rising certified property values (2024'1: $1.855 billion) are the primary revenue drivers for the 2024'5 budget; staff also identified staff-retention stipends, capital needs, and debt-service schedules as major expenditure pressures.
During the budget presentation, Anthony Figueroa and Melissa Smith walked the board through the formula-driven revenue system the district uses: refined ADA, property values, and tax effort. The packet lists refined ADA for 2024'5 as 1,410.750 (estimate) and certified property values for 2024'5 at $1,855,211,357. The presenters noted the district's tax effort has declined over recent years to a combined $0.94020 (M&O $0.7327 plus I&S $0.2075) and discussed the implications for per-student funding.
Staff highlighted major line-item proposals for 2024'5 including a retention stipend in professional development (Function 13), equipment and vehicles under transportation (SpEd crossover vehicle, white-fleet additions), facility projects (MS HVAC, spray-foam ceiling repairs, RR field lift station), and extracurricular equipment (sound systems). The packet also detailed debt-service maturity schedules and bond payoffs for series 2009 and 2018. Slides noted adjustments that reduced available funds (SHARS and CAD impacts) and the district's fund-balance months-of-reserve calculations (2.47 months in Aug. 2022; 3.33 months in Aug. 2023).
