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LTISD finance director briefs board on year-end numbers, explains state recapture
Summary
District finance staff presented preliminary year-end financial statements for fiscal 2024–25, reported tax and bond balances, and explained the state 'recapture' process that transfers some property-tax collections to the state.
Pam (district finance officer) presented the district’s preliminary financial reports for the month ending Aug. 31, 2025, covering the statement of revenues and expenditures, balance sheet, tax statement, capital projects and the quarterly investment report.
Pam told trustees the general operating fund shows expenditures at about 98% for the fiscal year and that final recapture and state-aid adjustments will be set by the Texas Education Agency after fall PEIMS attendance data and updated tax collections are incorporated. “We anticipate the amount of recapture to be close to the $50,000,000,” she said, and noted that final settlement for fiscal year 2024–25 will not…
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