Audit and Finance Committee
Grant Anderson, Associate Superintendent and Chief Financial Officer, meets with three members of LEISD's Board of Trustees to periodically review detailed financial information. These meetings provide the Board of Trustees an opportunity to participate in specific discussions relating to LEISD's finances in order to help make well-informed financial decisions for the students of LEISD.
Board of Trustees Finance Members:
- Melissa Myers, Board President
- David Montemayor, Board Vice President
- Jason Olson, Board Secretary
CFO's Financial Update
January 25, 2019
From: Grant Anderson, Associate Superintendent & CFO
Re: State’s 86th legislative session - Eyeing legislation; confident in financial strategies
I will continue to closely watch the Texas legislature as Public Education Finance is a major item on the agenda. The Texas Commission on Public School Finance recently adopted its final recommendations to the state legislature. It appears the state legislature is focusing on property tax relief, revising the school funding formulas and possibly identifying alternative/additional funding sources for public education. There are complexities in the Texas school finance system which causes financial risk to school districts; legislation is one of them. These risks, along with the possibility of a slowdown in the economy, are managed by establishing and maintaining sound financial strategies. One major strategy is the development and on-going management of financial forecasting models built on fiscally conservative methodology. LEISD’s model includes monitoring key financial indicators and planning resources to help safeguard the district in the case of an adverse financial event. It is always possible future legislation could add to the district’s current financial burden. However, both short-term and long-term financial strategies and considerations have been implemented to help assure financial stability. It is my hope the state legislature and the educational community will work together to solve the complexities of Texas school finance.