What you need to know
For FY 2024-25, CCISD will have $405 million in both revenue and expenses. That total is $23.5 million more each for revenue and expenses than in FY 2023-24, according to CCISD documents.
Local and intermediate funding is the largest source of funding for the district in FY 2024-25, along with state funding. State funding is based on average daily attendance, or ADA. The district’s ADA for FY 2024-25 is 36,880, documents show.
CCISD Chief Financial Officer Alice Benzaia said at the Aug. 26 meeting the district plans to implement initiatives to provide enrollment growth, mainly through the district’s tuition-based pre-K program.
The program brought in $600,000 in revenue for FY 2023-24 with nearly 180 students enrolled. As of Aug. 27, the program now has 311 students enrolled for the 2024-25 school year, CCISD Communications Coordinator Sydney Hunt said in an Aug. 27 email.
Growing expenses stem from payroll costs, which have climbed roughly $16.8 million compared to FY 2023-24, documents show.
Other notable expense changes in FY 2024-25 compared to the previous fiscal year include the following:
- $7.9 million increase in contracted services
- $948,000 decrease in operating costs
- $695,000 decrease in capital outlay
- $500,000 increase in supplies and materials
At its July 22 board workshop, CCISD projected a shortfall of about $4.05 million.
To balance the FY 2024-25 budget, a $4.9 million transfer from capital and contingency funds was included, documents show.
The transfer amount still meets the district’s requirement to not access more than 20% of capital and contingency funds, Benzaia said.
Quote of note
“Despite what happens at the state, despite what happens in the legislative session, despite what happens with differences in enrollment, we stay focused on making sure we’re doing the most we can with the resources we have,” board trustee Arturo Sanchez said at the meeting.
