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    Lake Travis ISD

    by Brad Goerke

    2016-2017 Financial Overview

     

    District Size

    Number of Campuses

    Student Enrollment

    High School

    1

    High School

                   2,800

    Middle School

    2

     

    Middle School

                   2,418

    Elementary Schools

    6

    Elementary Schools

                   4,447

    Total

    9

    Total

                   9,665

     

    Budgeted Funds

    Fund

    Budget (millions)

     

     

    General Operating Fund

      112.9

     

    LTISD property taxes that are sent to the State

    Food Service Fund

          4.9

    State Recapture Payment 41.1 million

    Debt Service Fund

         35.7

     

     

     

     

    Total Official Budgeted Funds

       153.5

       

    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+

    FAST - State Financial Rating 

    4 Stars
      
     

    District Valuation

    2016-17

    2015-16

    Tax Rate

    $1.4075

    $1.4075

     

     

     

    Average Home Value

    $471,299.00

    $445,442.00

    Net Taxable Property Values

    Average Tax Bill

        $4,849.00

        $4,552.00

    $8,723,658,733

     

     

     

    General Homestead Exemptions:

     

       State

    $25,000

    $25,000

       School District

    20%

    20%