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Eanes ISD is projected to head into the 2026-27 fiscal year with a financial surplus, following the board of trustees' adoption of the budget June 23.
By the numbers: EISD's new Chief Financial Officer Pete Pape provided three budget scenarios tied to possible compensation plans: Option 1: no compensation increase, resulting in a projected budget surplus of $1,579,858 Option 2: a one-time payment of $700 for eligible employees, resulting in a projected budget surplus of $855,858 Option 3: a 2% compensation increase, resulting in a projected budget shortfall of $54,297
The board ultimately voted 5-2 for Option 1, with trustees James Spradley and Kelly Marwill casting the dissenting votes.
The vote for Option 1 included removing the land sale revenues for a surplus of about $80,000. Trustee John Troy said waiting to provide a one-time payment would ensure that the budget doesn't inadvertently dip into a shortfall, since it is relying on the land sale, which should be finalized later this year.
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