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Lancaster ISD finance update: December tax receipts reported; board authorizes $1 million emergency repair from fund balance
Summary
The district reported December tax collections and year-to-date revenues; trustees voted to use up to $1 million from fund balance for emergency stadium/water-main repairs, splitting the amount among district function codes as recorded in the final ratified motion.
Lancaster ISD staff presented the district’s December 2024 financial update and the board approved an emergency use of fund balance to cover unplanned repairs.
Finance director Kimberly Peters told trustees the district received $12.5 million in maintenance-and-operations (M&O) property tax collections and $6.9 million in interest-and-sinking (I&S) collections in December, for a district total of about $19.4 million that month. Through December of…
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