We sent information back in June regarding the fact that many of you may notice that your district is paying quite a bit more in recapture than originally planned. For some districts that is because property values increased or because ADA was less than expected due to the reduction in ADA that TEA is making in order to account for the federal Elementary and Secondary School Emergency Relief Fund (ESSER) dollars your district received.
If you are a July 1 fiscal year district, we hope you already thought through these implications. For September 1 fiscal year districts, please be aware that
you may need to consider a budget amendment before the end of your fiscal year to account for this change in revenue vs. expenditures. While the net effect is still largely the same due to the off-setting revenue, your district’s expenditures are likely much more than originally accounted for in your budget due to the increased recapture payment that will be required. Your auditor is likely to want to see this reflected in a budget amendment.