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Lewisville ISD received an unmodified opinion, the highest rating in its annual comprehensive financial report, according to a presentation from Whitley Penn auditor Celina Cereceres at a Dec. 8 trustee meeting.
The details: District documents state the district is required to undergo an independent financial audit every year. The audit showed the district started with $141 million in the fund balance and received $542 million in revenue.
The district incurred $539 million in expenditures, and LISD's ending balance for fiscal year 2024-25 was $145 million.
By the numbers: LISD's revenue sources included:
- $424 million in property taxes
- $60 million in state funding
- $28 million in the Teacher Retirement System
- $21 million in local revenue, primarily from interest earned during the fiscal year, as well as tuition and fees
- $9 million in federal revenue
LISD's expenditures included $327 million in instruction and related services and $62 million for student support services.
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