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Lisle 202 capital additions total $3.78M in FY2025; long‑term debt reduced to $7.33M
Summary
The AFR lists $3.78 million in building additions, $3.96M in capital outlays, and retirement of $1.13M in long‑term principal during FY2025, leaving outstanding general obligation bonds at $7.325M.
District capital activity in FY2025 included capitalizing $7,097,864 of project costs (construction in progress and building additions) and reporting net depreciable capital assets of $54,926,294. The AFR itemized $3,776,794 of building additions during the year and $179,502 in equipment additions.
On debt, the district retired $1,130,000 of long‑term principal on its series issued in 2019 and reported outstanding general obligation limited tax school bonds of $7,325,000 as of June 30, 2025. The AFR also reported the district’s legal debt limit at $107,313,039 and noted the district expects to be debt‑free by about 2030 under current plans.
