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Lewisville ISD receives top rating in fiscal year 2024-25 audit

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.

 
Now Open
Gracie Barra now open in Argyle

Gracie Barra opened a new location in Argyle, according to a company representative.

A closer look: The business offers Brazilian jiu-jitsu and self-defense classes for children and adults, according to its website. Gracie Barra also has a location in Highland Village, which opened in early October.

  • 2126 Hamilton Road, Ste. 210-220, Argyle

 
Metro News MONDAY
A new H-E-B and multifamily housing: 6 trending stories from Dallas-Fort Worth

Several developments are underway in Dallas-Fort Worth, including a new 141-acre multifamily and industrial development in McKinney and a 215 mixed-use development in Plano. Other news includes business updates across the metroplex and Frisco ISD expanding its open enrollment program.

See details from these stories and more in this list of the top six most-read stories from Community Impact's Dallas-Fort Worth coverage areas from Dec. 8-12.

Industrial, multifamily development planned along US 75 in McKinney

Frisco ISD expands open enrollment program to high school

Plano council approves 215-acre Lavon Farms mixed-use development

Burgers and books: Check out 16 businesses now open, coming soon in west McKinney

A new Chuy's, scratch-made bagels and baked goods: 6 Dallas-Fort Worth restaurant updates

H-E-B could be coming soon to Plano, Carrollton border

 
Neighboring News
Denton ISD students to return Aug. 13 in 2026-27 school year

Denton ISD students will start next school year on a Thursday.

The district’s board of trustees approved the 2026-27 academic calendar Dec. 9. 

Dates to know: Here are some important dates for the 2026-27 school year:

  • First day of school: Aug. 13, 2026
  • Winter break: Dec. 21, 2026-Jan. 4, 2027
  • Spring break: March 8-12, 2027
  • Last day of school: May 27, 2027

 

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