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    Lake Travis ISD

    by Brad Goerke

    2018-2019 Financial Overview

     

     

    District Size

    Number of Campuses

       

    Student Enrollment

                 

    High School

     

    1

     

    High School

     

                   3,283

    Middle School

     

    2

     

    Middle School

     

                   2,800

    Elementary Schools

     

    6

     

    Elementary Schools

     

                   4,917

    Total

     

    9

     

    Total

     

                  11,000

       

     

           

    Budgeted Funds

                 

    Fund

     

    Budget (millions)

     

     

     

       

    General Operating Fund

     

      133.8

     

     

    LTISD property taxes that are sent to the State

    Food Service Fund

     

          5.0

     

    State Recapture Payment 50.5 million

    Debt Service Fund

     

         41.0

     

     

     

     

    Total Official Budgeted Funds

       179.8

           
                 

    Special Revenue Funds

           4.1

           

    Capital Projects Funds

         10.3

           
                 

    Ratings

    Bond Rating (underlying credit):

           
                 

    Standard & Poor's

     

    AA+

     

    FIRST- State Financial Rating

     

    Superior Achievement

    Fitch

     

    AA+

     

    SMART School Financial Rating 

      5 Stars
                 
                 

    District Valuation

                 
       

    2018-19

    2017-18

         
                 

    Tax Rate

     

    $1.4075

    $1.4075

     

     

     

    Average Home Value

     

    $532,134.00

    $489.982.00

    Net Taxable Property Values

    Average Tax Bill

     

        $5,414.00

        $5,090.00

    $11,348,471,654

           

     

     

     

    General Homestead Exemptions:

             

       State

     

    $25,000

    $25,000

         

       School District

     

    20%

    20%