Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Magnolia ISD adopts $186.08 million 2024‑25 budget, sets contingency Budget B
Summary
The Magnolia ISD Board of Trustees adopted a $186,081,321 budget for 2024‑25, including a $143,165,438 General Operating Fund and contingency Budget B of $150,565,348 to take effect if the VATRE passes. The vote was unanimous.
Magnolia Independent School District trustees voted unanimously Aug. 26 to adopt the district—s 2024—6 budget totaling $186,081,321.
The board approved the General Operating Fund (Budget A) of $143,165,438, a Debt Service Fund of $35,182,153 and a Food Service Fund of $7,733,820. The board also adopted an alternative General Operating Fund (Budget B) of $150,565,348 that the minutes say would take effect should the "VATRE" pass this November.
The budget motion (No. 6043) passed without recorded opposition. Assistant Superintendent of Operations Dr. Erich Morris presented the proposed budget to the board prior to the public hearing on the tax rate. The minutes show the public hearing produced no public comments.
Why it matters: the adopted budget sets the district—s spending plan and the amount available for classroom and district operations for the coming year. The budget packet attached to the minutes includes detailed revenue and expenditure dashboards for the General Fund, Food Service Fund, and Debt Service Fund.
Board action and next steps: the budget took effect on adoption by the board. The district will continue routine budget monitoring and report monthly financials to the trustees.
