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MUNDAY CISD financial report: taxes collected, activity revenue lagging and food services surplus
Summary
District finance staff reported full property tax collections, activity revenues below expectations, per-capita revenue roughly on target, a small surplus in food services, and higher daycare revenue due to increased enrollment; lease debt from copiers raised debt service slightly.
District staff presented the financial and investment review noting that property taxes have been collected and that revenue from extracurricular activities fell short of projections. Per-capita revenue was reported as roughly where it needs to be, while food services produced a small surplus and the daycare brought in slightly more revenue than anticipated due to higher enrollment.
The report also noted that expenditures showed no major variances and were generally tracking as expected. Staff flagged copier lease agreements as a factor that raised debt service modestly. Trustees connected some of the unexpected budget pressure to planned roof and air-conditioning work, which the board addressed via a separate budget amendment vote that evening.
