Southside ISD financial report flags uncertain federal revenue; debt-service tax collections ahead of budget

The Southside Independent School District reviewed its April 2025 financial statements at the May 28 board meeting, where the district's finance director described shortfalls in federal program receipts and said debt-service tax collections exceeded budgeted amounts.

"We have $1,300,000 budgeted [for federal programs]," CFO Carlos Corrales told trustees, "so far we've received $381,000." Corrales said the district had anticipated additional state relief tied to recent legislation but that funding remained uncertain, and the budget team was watching that line item closely.

Corrales also reported general-fund expenditures through April of about $47.1 million and said the district's monthly spending average was approximately $5.8 million. He said the district's goal was to lower the monthly average to about $5.4 million so year-end expenditures remain near the $69 million target used in planning.

On debt service, Corrales said the district budgeted roughly $6.6 million and received about $8.6 million — approximately $2 million more than budgeted — as tax collections arrived. He said the district planned to apply collections to upcoming bond payments and referenced August as the next large debt-service payment month.

Child Nutrition receipts were reported as generally on track, with additional state funds expected to be booked later in the fiscal year. Corrales said the department had realized about $6.5 million so far and anticipated roughly $1.8 million more in the current school year.

The presentation was informational; trustees asked no formal questions that changed financial policy during the meeting.