Little Elm ISD has spent about $164 million of its $289.5 million 2022 bond, with $42.3 million still untouched

Little Elm ISD trustees will get an update Monday, Nov. 16, on where the district's $289.5 million 2022 bond stands, as part of the monthly financial report on their consent agenda.

The capital projects summary, current through Sept. 30, breaks the package into four main pieces:

• High school renovations: $95.4 million spent of $164.55 million budgeted, or 52.4%.
• Lakewood Elementary: $48.1 million spent of $50.4 million, or 95.5%.
• Safety, technology, building upgrades and transportation: $20.8 million spent of $32.25 million, or 63.7%.
• Miscellaneous projects: none of the $42.3 million budgeted has been spent.

Together those four lines add up to the full $289.5 million, and spending across them comes to about $164.4 million, leaving roughly $125 million on the books.

Inside the $32.25 million upgrades category, two lines have passed their budgets. Safety and security work shows $10.2 million spent against $9.5 million, and transportation shows $1.05 million against $305,000. Technology is at $1.19 million of $7 million, and interior and exterior upgrades at $8.38 million of $15.45 million.

The report does not explain the overruns or say what the miscellaneous money is meant for.

The same consent agenda includes the district's first purchase list of library books under Senate Bill 13, the 2025 state law that gives school boards a say over library acquisitions, and a food catering contract. In closed session, trustees are scheduled to discuss corrective action from a state intruder detection audit.

A separate public meeting at 5:30 p.m. covers the district's state financial accountability rating. The regular meeting follows at 6 p.m. in the boardroom of the administration building, 400 Lobo Lane.

Sources

littleelmisd.net

littleelmisd.net

littleelmisd.net