Education
GISD attendance rates higher than projected With the first six weeks of school for the 2024-25 school year completed, Georgetown ISD adminis- trators say average daily attendance is trending a little higher than projected. A 2-percentage-point difference—94% average daily attendance versus the 92% planned for the fiscal year’s budget—could provide significant opportunities for the district, GISD Chief Financial Officer Jennifer Hanna said. This is because higher attendance allows the dis- trict to retain more of its local tax collections, even as recapture increases. At 94% attendance, com- bined with other factors impacting the budget, the district could end up with around $8 million more in funding than originally projected. Two-minute impact In a Nov. 4 budget update, Hanna said the higher than average daily attendance rate—a
District earns A for financial rating Georgetown ISD earned a “superior” rating of its financial integrity for the 2023- 24 school year from the Texas Education Agency, administrators shared Oct. 21. What you need to know The Financial Integrity Rating System of Texas scores districts as A through F. This rating is based on different metrics, such as audit and governance disclosures, cash and investments, tax collections, fund balance, debt management, administrative costs, capital projects, and staff levels. GISD earned a rating of 98 out of 100, translating to an A or “superior” rating, said GISD Chief Financial Officer Jennifer Hanna. The data used to assess the district’s financial practices is from the 2022-23 school year, administrators said.
$8 million in state funding, with $14.57 million paid back in recapture 92% Though the district’s recapture payment would increase with higher attendance, the district would also see its funds increase.
$11.85 million in state funding, with $17.79 million paid back in recapture 93%
$12 million in state funding, with $16.7 million paid back in recapture 94%
SOURCE: GEORGETOWN ISD/COMMUNITY IMPACT
measure of the proportion of students enrolled in the district attending school each day that is then divided by the total number of instructional days that have passed—presents a few possibilities for the district. If the trend holds throughout the year, the district could see a balanced budget and pos- sibly some wiggle room to address campus-level needs, she said. Hanna said the district will provide updates to the board on what direction might be taken.
14
COMMUNITYIMPACT.COM
Powered by FlippingBook