At-a-glance: Lubbock ISD Finance/Operations & Facilities Committee — March 30, 2026
Summary
Key takeaways: health-plan review with $1M+ stop-loss reimbursements; early budget shows ~$17M shortfall and a ~$7M valuation discrepancy; facilities testing and asbestos abatement underway; staff to verify custodial-contract reconciliations and central-office staffing comparisons.
Here are the meeting’s headline items from the Finance/Operations & Facilities Committee on March 30, 2026:
• Risk management: Staff reported the employee health plan covers 2,274 employees and 4,297 members; stop-loss reimbursements exceeded $1 million; recommendations will be developed beginning in May.
• Budget: Staff described early projections, noting about $6 million from the Teacher Retention Allotment (HB2) already allocated for raises, projected expenditure increases of about $15 million, and a tentative $17 million deficit. A taxable-value discrepancy among appraisal authorities and state agencies was estimated to cost the district roughly $7 million.
• Facilities: Geotechnical testing begun at O.L. Slaton; Schneider Electric project progressing; asbestos abatement at Overton; Dunbar LED upgrades in progress. Staff cited an example of an $80,000 estimate rising to $121,000 due to inflation.
• Operations: Mid-level purchases presented (equipment replacements, heater work, auditorium door repairs); a van purchase was clarified as a pass-through, not district-funded.
• Follow-up: Dr. Kathy Rollo requested verification of custodial contract reconciliations and comparative central-office staffing data; staff estimated more than $75,000 annually has been returned when budgeted positions are unfilled and will verify.
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