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LISD looking at change to fiscal calendar

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Leander ISD's board of trustees is considering a change to the district's fiscal calendar. A district release stated that the change would allow for more money on hand to support teachers at the beginning of school.

If approved, the the process would result in a change in 2020, and that change would not cause any changes in the budget or tax rate processes.

The district said that changing fiscal years in what may become Leander ISD's first year as a 'Robin Hood' or 'recapture' school district, could provide a number of advantages.  

Two of the most significant financial impacts noted in the LISD release are that the change would provide a one-time increase in fund balance by forgoing certain costs incurred in July and August, and it would align the district's fiscal year with federal grant programs. 

LISD also said, if approved, the change would provide teachers and campuses with access to their budget allocations prior to school starting and improve performance on the state's financial accountability system. 

“I am excited about updating our fiscal year start date to July 1,” Trustee Elexis Grimes said. “This will better prepare our campuses for student arrival and give our staff the tools they need in order to complete that mission.”

Trustees must formally approve the move to a different fiscal calendar at least a year in advance. 

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