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Leander ISD packet seeks approval of FY25 Budget Amendment #7 including $1.51M ASAHE in Debt Service
Summary
CFO Pete Pape asked trustees to approve Budget Amendment #7, which increases Fund 197 local revenue/expenditures by $27,699 for athletics and adds $1,510,004 of Additional State Aid for Homestead Exemption to Fund 599 (Debt Service) with matching principal/interest increases; the packet shows projected ending fund balances but does not include a recorded Board vote.
CFO Pete Pape presented FY25 Budget Amendment #7 to the Board in the Jan. 23 agenda materials and recommended approval.
The proposed General Operating Fund adjustments include a $27,699 increase to local source revenue and corresponding expenditures to account for athletic tournament items and small function transfers that do not change the fund’s total operating deficit or surplus. For the Debt Service Fund (Fund 599), the packet shows a $1,510,004 increase to revenue for realized Additional State Aid for Homestead Exemption (ASAHE) with an offsetting $1,510,004 increase to principal and interest expenditures. The materials show the district-wide total revenues of $446,925,241 and total expenditures of $475,153,497 after the proposed amendment and a projected General Fund ending balance of $155,432,179 (audited per 2024 ACFR).
The agenda packet includes a sample motion — "I move that the Board of Trustees approve FY25 Budget Amendment - #7 as presented" — and administration’s recommendation that the Board approve the amendment. The materials do not include minutes or a recorded vote showing whether trustees approved the amendment in the meeting.
