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Magnolia ISD approves July 2024 monthly financials; dashboards show fund-level details
Summary
Trustees approved July 2024 monthly financial statements included in the packet, which show General Fund revenues at ~95.6% of budgeted revenues, projected year‑end fund balances, and invested assets totaling roughly $180.9 million across accounts and pools.
As part of the consent agenda the Magnolia ISD board approved the monthly financial reports for July 2024.
The financial packet attached to the minutes includes dashboards and summaries for the General Fund, Food Service Fund, and Debt Service Fund. Selected figures in the packet show General Fund revenues at 95.58% of budgeted revenues for the period and total invested assets reported as $180,919,451.29 across Woodforest Bank, TXCLASS, Lone Star, and TCG investments. The Food Service Fund and Debt Service Fund summaries provide year‑to‑date revenue and expenditure comparisons and ending fund balance figures.
The board approved the monthly financials as Consent Agenda Item 5D (Motion No. 6040). The packet is recorded in the minutes for public review.
