LISD cites several factors for disappointing deficit - KCBD NewsChannel 11 Lubbock


LISD cites several factors for disappointing deficit

LUBBOCK, TX (KCBD) - The Lubbock Independent School District reserves are down nearly $2 million. 

Several factors contributed to what the school board is calling a disappointing operating deficit of nearly $1.7 million in last year's budget that was approved Thursday. "You can't put a single factor on it. Like a lot of school districts we're facing increased costs," said Board President Gordon Wilkerson.

Auditors presented 2007-2008 budget numbers to the LISD school board Thursday. They reported interest rates were down and investment earnings were off. "You can't make a financial presentation these days without mentioning the economy," said an auditor that evaluated LISD budget numbers.

 The board says there were several unexpected costs that pushed LISD into the red last year. "Our bus carrier essentially quit providing service and we had to buy buses, which is not a reoccurring cost every year," says Wilkerson. He also said the district spent nearly $1.4 million on the buses.

"We had some personnel issues. With two new elementary schools we thought we were going to be able to do that by moving teachers within the system and we actually increased our personnel by 30 to 40 individuals," Wilkerson added.

The district says what they are dealing with is not unique to just LISD and the money to cover the deficit came out of LISD reserves. "(I) don't want to paint it as a good thing because it's not, but it's not a devastating blow; it's a disappointment. It's reflective of our economic times we are in," says Wilkerson.

The school board says they are on track with the budget they've adopted for this year so they won't be in the same situation next year.

LISD Superintendent Announces Retirement
After serving LISD for 35 years and 41 years in education, Friday's announcement was emotional.

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