Editor's note: This story has been updated to add additional context from Lone Star College System.
Lone Star College System finished fiscal year 2024-25 with a net income of $163 million, after subtracting expenses from revenues, according to LSCS’ Annual Comprehensive Financial Report.
The gist
During the LSCS board of trustees’ regular March 5 meeting, Chief Financial Officer Kristy Vienne presented the college system’s Annual Comprehensive Financial Report for fiscal year 2024-25. The fiscal year ran from Sept. 1, 2024-Aug. 31, 2025.
According to LSCS’ financial report, posted on the college system’s website, actual totals for FY 2024-25 were:
- $604 million in nonoperating revenues, which include property taxes and state funding
- $563.64 million in operating expenses, which includes educational and auxiliary activities
- $122.68 million for operating revenues, which includes tuition and grants
The district’s FY 2024-25 net income—expenses subtracted from revenues—was $163 million, according to Vienne’s presentation. For FY 2023-24, LSCS’s net income was $103 million.
Some context
In a March 6 email, Vienne explained that figures from the Annual Comprehensive Financial Report are not directly comparable to LSCS' budget.
"Net position is similar to net worth—it indicates the college’s long-term financial strength, rather than its available cash," Vienne said in the email. "Most of it is tied up in buildings, infrastructure and funds that are legally restricted. It supports stability and sustainability rather than new spending. It ensures we can continue serving students, maintain our facilities, and meet obligations over time."
Remember this?
In August 2024, LSCS’s board of trustees approved the FY 2024-25 budget with $513.1 million each in total projected revenues and total projected expenditures, as previously reported by Community Impact.
In August 2025, LSCS trustees passed a balanced budget of $548 million for fiscal year 2025-26, as previously reported. The FY 2025-26 budget includes $34.95 million in total new revenue, which comes from state appropriations, property taxes and students, among other miscellaneous sources.
