August 20, 2026 at 6:00 PM - Budget Meeting

Description:  Summary:  This report includes the following items:

1.    Budget Amendments Year-to-Date as of June 30, 2026
    a.  Proposed Budget Amendments for Official Budgets- Yes 

2.  Monthly Financial Statements as of June 30, 2026
a.  Unaudited Financial Summary Reports for General Fund, Food Service Fund, & Debt Service Fund including:    
i.    Prior Year - YTD Actual Revenue and Expenditures
ii.    Prior Year - Year-End Actual Revenue and Expenditures
iii.    YTD Percentage of Prior Year Actual
iv.    Current Year - YTD Actual Revenue and Expenditures 
v.    Current Year - Amended Budget
vi.    YTD Percentage of Budget

        b.  Unaudited Special Revenue Financial Summary including:
i.    Fund, Fund Descriptions, and NOGA ID
ii.    Begin and End Date of Award
iii.    Grant Award Total
iv.    Prior Year Actual Grant Expenditures
v.    Current Year YTD Actual Grant Expenditures
vi.    Percentage of Total Award
        
        c.  Capital Projects 2023 Bond Program including:
i.    Original Budget
ii.    All Prior Years FY Activity
iii.    2024-2025 FY Activity
iv.    2025-2026 FY Activity
v.    Total Activity
vi.    Percentage Complete
vii.    Encumbered Balance
viii.    Remaining Project Budget
ix.    Total Projected Project Cost

3.  Investment Report Fund Overview as of June 30, 2026

4.    Tax Office Reports for the month of June 2026
        a.  Year-to-Date Collection 2025-26 Report for June
 

Description:  Priority # 5: Optimize All Available Resources
The Texas Property Tax Code, under Section 26.04(a) and (b), requires the District’s Registered Texas Assessor/Collector to submit to the Board of Trustees each year the sworn certified appraisal rolls from the Dallas Central Appraisal District and the Denton Central Appraisal District.  The Certification of Appraisal Rolls summary sheet will include the total appraised, assessed and taxable value of all
property by the school district, as well as the total taxable value of new property in the District.  The
Board of Trustees is to adopt a resolution to approve the 2026 Tax Roll calculated from the District’s Tax Assessor/ Collector previously presented report.

The District’s Registered Texas Assessor/Collector is also required to estimate the debt collection rate for the tax year.  This total includes current taxes, delinquent taxes, rollback taxes, penalties, interest and the additional penalty under Section 33.07 and 33.08, Property Tax Code.   The Board is to adopt a resolution to approve the District’s Tax Assessor/ Collector certification of the anticipated collection rate previously presented report.

Recommendation: It is recommended that the Board of Trustees approves the report and resolutions as presented.
 

Description:  Priority #5: Optimize All Available Resources
The adopted budget provides authority to expend funds for the purposes indicated in accordance with state law, Board Policy, and the District’s approved purchasing procedures.

Public funds of the District may not be spent in any manner other than as provided for in the budget adopted by the Board of Trustees, but the Board may amend a budget or adopt a supplementary emergency budget to cover necessary unforeseen expenses. Texas Education Code 44.006(a)

Each year in August, the Business Office performs a final review of estimated expenditures and proposes a final budget amendment for Board consideration and approval.  

Recommendation: It is recommended that the Board of Trustees approves the 2025-2026 Final Budget Amendment Report as presented.

 

Description:  Priority #5: Optimize All Available Resources
The District has met all notice requirements as prescribed in Texas Education Code Sections 44.004 and 44.0041. On August 20, 2026, the District held a meeting at which the public had an opportunity for comment.

The Board of Trustees, at a meeting called for that purpose, shall adopt a budget to cover all expenditures for the school district for the next succeeding fiscal year for the following funds:

•    Maintenance and Operations;
•    Debt Service; and
•    Food Service.

The Maintenance and Operations (General Fund) results in a deficit of $0.  The Debt Service and Student Nutrition both result in a balanced budget.

Recommendation: It is recommended that the Board of Trustees approves the adoption of the proposed 2026-2027 budget.
 

Description:  Priority #5: Optimize All Available Resources
The District has met all notice requirements as prescribed in Texas Education Code Section 44.004 and 44.0041.  On August 20, 2026 the District held a meeting at which the public had an opportunity for comment.

The proposed Resolution sets the 2026 tax rate in 2 component parts:

•      Maintenance and Operations (M&O) tax rate of  $0.74810
•      Interest and Sinking (I&S) tax rate of $0.20000

This vote will be recorded by a count of Ayes and Nays.

The motion to adopt must use the following language: "I move that the property tax rate remain unchanged from the tax rate from prior year of $0.74180 for Maintenance and Operations and  $0.20000 for Debt Service."

Recommendation: It is recommended that the Board of Trustees adopts the tax rate and executes the resolution setting the tax rate for tax year 2026.
 

Description:  Priority #5: Optimize All Available Resources
A competitive compensation plan has been identified as a District top priority.  Attached for Board consideration is a Resolution authorizing the continuation of the Years of Service one-time supplemental payment for the 2026-27 school year.   The cost of this supplement was $0.6M last year.  

The amount of the one (1)-time supplemental payment an eligible employee receives under this plan will be based on the employee’s years of employment with the District and will be paid at five (5)-year increments in the year following the anniversary date as outlined in the resolution.

The amount of the one-time supplemental payment will be based on the eligible employee's years of service with the District and paid at five-year increments, in the year following the employee’s anniversary date, as outlined in the resolution.

Recommendation: It is recommended that the Board of Trustees executes the resolution and approves the Years of Service supplemental payment for the 2026-2027 school year.