Lancaster ISD reports $6.15 million in October tax collections and cites $32.89 million in refinancing savings since 2021
Get AI-powered insights, summaries, and transcripts
Subscribe
Summary
District finance officials told trustees the October net property-tax receipts were $6,153,030.87 and that the district has saved about $27.39 million through prepayments/refinancing since 2021 plus $5.5 million from a February 2025 refunding; the report also described revenue and expenditure drivers and investment pools.
Director of Finance Dana Shaw Moseley presented the district—s October 2025 financial reports, telling trustees that October net property-tax receipts totaled $6,153,030.87 and that the district—s top revenue drivers are property taxes and state foundation/formula funds.
Moseley said the district had saved taxpayers $27,390,000 through prepayments and refinancing since 2021 and an additional $5,500,000 from a February 2025 refunding. She described the district—s revenue and expenditure profiles: the general fund—s top revenue drivers are taxes and formula funds, while instruction and plant/maintenance and operations are the largest expenditure categories.
The presentation included child nutrition income statements (with major expenditures to third-party meal vendors), a debt-service slide noting bond payments are ordinarily made in August and February, and an investment portfolio reconciliation referencing Lone Star and TexPool investment pools and accounts for general fund, debt service, capital projects and child nutrition.
Moseley said the district had not yet made bond payments in the fiscal year (those are typically made in August and February) and that full reports were uploaded to the board—s diligent portal. She also noted no immediate financial impact for the nonbusiness-days resolution discussed later in the meeting.
What—s next: Finance will continue routine reporting; trustees did not request a vote on any immediate fiscal changes at the meeting.