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Mercedes ISD details grant budgets and health insurance fund pressures
Summary
CFO Sylvia Garza reviewed Special Revenue Fund programs totaling $8,542,406 (including ESSA Title grants and 21st CCLC) and said the Health Insurance Fund projects total expenses of $6,270,996 with an expected fund-balance decrease of $906,646.
At the Aug. 20 public hearing, Mercedes ISD Chief Financial Officer Sylvia Garza summarized special revenue and benefits-related budgets. She listed the Special Revenue Fund’s proposed total at $8,542,406, including ESSA Title programs, the Special Education Cluster and the 21st Century Community Learning Centers grant (Cycle 12).
Garza also said the Health Insurance Fund proposed budget shows premium contributions of $5,364,350 and total insurance expenses of $6,270,996, and that the district expects a decrease in that fund balance of $906,646. The figures were presented for trustees’ information; no action was taken at the hearing.
