Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Finance topic
No spam. Unsubscribe anytime.
Lancaster ISD presents April 2025 financial report; district cites bond refunding savings
Summary
The board received the April 2025 financial report showing April tax net payments of $268,278.47, investment pool balances and bond refunding activity that prepaid $27,395,000 since 2021 and produced multi-million dollar tax savings, district finance staff said.
Lancaster ISD staff presented the April 2025 financial reports, detailing revenue drivers, expenditure trends, food service operations, debt‑service activity and the district’s investment pools.
Dana Mosley presented the April accounts and noted property tax net payments to the district for April were $268,278.47. Mosley told the board that the district’s top revenue drivers are taxes and TEA formula foundation payments, while primary expenditures are instruction and plant/maintenance and operations.
On debt service, Mosley said Lancaster ISD has prepaid $27,395,000 of existing bonds since 2021, including $13,650,000 prepaid in February 2025. She said the refunding program has produced taxpayer savings, citing a $22,294,050 taxpayers‑saved figure and a $5,521,454 direct savings noted in district materials.
Mosley also reviewed the district’s investment portfolio and noted funds are held in local government pools (Lone Star and TexPool) for general fund, debt service, capital projects and child nutrition accounts.
Board members had no substantive follow-up questions during the presentation; Mosley offered to provide the full report and underlying slides for trustee review.
