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CFISD board of trustees receive financial report, approve purchases

November 14, 2018

The Cy-Fair ISD board of trustees received a 2018 Comprehensive Annual Financial Report on the state of the district and approved purchases for facilities in the school district.

During the regular meeting on Nov. 12, the CFISD board of trustees approved more than $25 million worth of funds on purchases and construction proposals, pulling from 2014 bond funds and maintenance and operations funds, before hearing a financial report on the district.

Highlights from the financial report include an increase of $22.9 million in funds and an overall “clean” opinion of the financial statements of the district given by the auditors, according to Karen Smith, assistant superintendent of business and financial services for the district.

“The district had total revenues of $904.2 million and total expenditures of $883.9 million, resulting in an additional fund balance of $22.9 million and an ending fund balance of $450.4 million,” she said. “One of the operating results that are worth highlighting for the district for the 2017-2018 school year are the increase in fund balance of $22.9 million when we originally had an adopted budget with a deficit of $18.2 million.”

The board also approved the purchase of 117 departmental vehicles to replace older vehicles and 850 mobile video surveillance systems for school buses for improved security. Those purchases will use bond funds, while the purchase of PowerSchool, an online enrollment program for student services, and renewed software licenses were purchased using maintenance and operation funds, according to the agenda.

Three proposals for construction using bond funds were also approved. Projects include renovation of the Cy-Fair Annex, Arnold Middle School and Cy-Fair High School; 2018 Food Production Center and Windfern Annex renovations and a district-wide security project.

Matt Morgan, assistant superintendent of support services for the district, said the security improvements being made around the district are needed upgrades to security and infrastructure.

“These are enhancements to some of the recently completed security projects [including] some additional card access readers and also the secure vestibules and access control hardware for some of our support sites.”

The CFISD board of trustees will meet for one more meeting this year on Dec. 10.

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