Strong Financial Management
We meet, and often exceed, exacting standards—standards and compliance metrics set by our authorizer, the state, independent auditors, and Standard & Poor’s rating agency, as related to our facility bonds. These standards are not only about net income, but encompass other indicators of financial health: liquidity, reserves, ability to meet debt service, and a strong system of internal controls and policies to ensure excellent stewardship of public funds.
Annual Financial Reporting
LILA, like other public schools, is required to publish financial information annually. Our financial reports tell our story. They demonstrate what we spend our funding on—where our heart is. Every decision is based on how to best serve our students and staff in fulfilling our mission.
District Revenue and Expenditure Report
School audit reports for the previous fiscal year are available by November 30 each year. Audit reports and tax returns are available upon request. Please contact the Chief Financial Officer to request these documents.