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Board approves financial report and begins budget planning for 2025–26
Summary
CFO Teresa Montemayor presented the financial report for the period ending Jan. 31, 2025, which the board approved; the board also received the 2025–26 budget planning calendar and discussed budget parameters guiding the next fiscal-year budget.
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CFO Teresa Montemayor presented the district financial report for the period ending Jan. 31, 2025. After reviewing each fund and answering trustee questions, Trustee Mike Stafford moved to approve the financial report. Trustee Treva Potter seconded the motion, which passed unopposed.
Montemayor also presented the budget-planning calendar for 2025–2026 and reviewed budget parameters intended to produce a solvent budget aligned with the district’s vision and the LISD balanced scorecard. The parameters are intended to guide short- and long-term obligations; trustees asked questions and received answers during the presentation. No budget adoption vote occurred on Feb. 12.
