The Livingston Independent School District (LISD)
Maintenance and Operations Fund comes from three sources: local revenue, state
revenue, and federal revenue.
The local funds come from taxes, special services
cooperative payments, sale of surplus supplies, payments for renting facilities,
insurance recovery, college course rental fees, athletic revenue, and
miscellaneous revenue.
The state funding comes from two basic line items that
say the same things: the foundation fund salary and operations.
The federal funding has two line items as well: federal
funds indirect cost rate and SHARs which is Medicaid reimbursement.
The majority of our district funding comes from taxes
under local revenue. It is easy to see
where the money comes from (realized) and how much goes out (expended) in the
line item budget. Our district does not
have many places to gain revenue, therefore our district is very diligent in
its allocations of funds. Our
superintendent and business manager prepare the budget and allocate the money according
to where the funds are needed. It is
also easy to see why we are in the lawsuit against the state for not having a
finance system that is not equitable, adequate, or efficient, as required by
the Texas Constitution. With the budget cuts from the past year our district is
managing to get by. As earlier lessons
state we are just receiving enough money to give our students an adequate
education.
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