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Finance officer reports September financials; board told to repay $119,000 SHARS overpayment from 2022
Summary
Brownfield ISD's finance presenter reviewed financials as of Sept. 30, 2025, noting roughly $3.1 million in expenditures versus $3.5 million in revenue for the period and told the board the district will repay a $119,000 SHARS overpayment identified in a 2022 audit.
The district's finance presenter (identified in the meeting as Mr. Keeler) reviewed the monthly financial statements through Sept. 30, 2025, noting the district has recorded about $3.1 million in expenditures and about $3.5 million in revenue for the reporting period and that annualized contract payments drive some early-season spending.
During the financial update staff reported an audit notification from the SHARS program indicating an overpayment in 2022; the board was told the district must repay $119,000 promptly. District staff emphasized the overpayment resulted from SHARS' audit and said no district personnel acted improperly in the original payments.
Keeler also presented the district's investment report for the same period, noting interest-rate changes and account balances. Board discussion focused on timing, the requirement to remit the SHARS repayment, and scheduling for the financial audit presentation required by law before Nov. 15.
