Grapevine-Colleyville ISD is projected to end the 2025-26 fiscal year with a shortfall of about $1.47 million, according to a report from Director of Finance Paula McBride at a Feb. 23 trustee meeting.
The details
McBride’s report shows the district’s fund balance will drop from about $39.7 million to $38.3 million at the end of the current fiscal year June 30. The fund balance dropped about $1.47 million over that time.
McBride also said that enrollment for the 2025-26 school year was 242 students less than anticipated, which could result in a higher than expected recapture payment, contributing to the shortfall. GCISD’s recapture payment projection can fluctuate throughout the year, GCISD Executive Communications Director Nicole Lyons said. The adopted 2025-26 budget showed an anticipated recapture payment of $31.1 million.
By the numbers
The report also showed that payroll was responsible for about 85% of the district’s expenditures, and payroll costs had gone up by roughly $2 million since the 2024-25 fiscal year due to staff raises, despite implementing staff reductions.
"Being in a service industry, payroll is our largest cost," McBride said. "There have been some personnel reductions, but as you can see here, payroll has gone up. That's primarily due to raises in salaries and benefits."
The $1.47 million shortfall is about $300,000 lower than FY 2024-25 deficit and $1.3 million lower than FY 2023-24 deficit, per McBride’s report. The district passed a tax rate election in November 2024, which brought in about $6 million in additional revenue.
Looking ahead
District officials will adopt the 2026-27 fiscal year budget in June, after the district receives preliminary tax values and campuses submit their budgets, McBride said.
