Financial Transparency

Our mission is to support Spring ISD and our community. One way we can achieve this is providing transparency through accounting, accounts payable, budget, business systems, cash management and payroll. Financial transparency is an ongoing goal for Spring ISD.

Where Does Our Money Come From?

Local

Local sources of revenue generated 43.42% of all sources of revenue and decreased by 1% from the previous fiscal year due to a tax rate decrease required by House Bill 3. Local revenues include property taxes, earnings on investments, and tuition and fees; nearly all of local revenues come from the collection of property taxes –what you, as a citizen, pay for educating our students.

State

State sources of revenue that support the general fund are the most significant for the district, representing 54.55% of all available sources of funding. State revenues decreased by 5% from the previous fiscal year. The decrease is due to a portion of the Foundation School Program (FSP) revenue being funded through the Elementary and Secondary School Emergency (ESSER) as part of the Coronavirus Aid, Relief and Economic Securities (CARES) Act.

Federal

Revenues received from federal sources constitute 2.03% of total revenues; fiscal year 2020 federal revenues experienced a decrease by 44% as a result of two one-time payments received in fiscal year 2019 for School Health and Related Services (SHARS).

Financial Resources

Click Sections Below to Expand


  Adopted Budget - The official adopted budget
  Budget Review - A review update of anticipated revenues and expenditures
  Annual Comprehensive Financial Report (ACFR) & Popular Annual Financial Report (PAFR) - Presentation of financial condition
  Check Registers - Consecutive monthly check registers for each fiscal year.
  Current Tax Rates - Districts current appraised value and tax rate per $100 valuation.
  Debt Information - Outstanding debt service obligations.
  Report of Cash and Investments - Quarterly reports and graphs
  Bond Pledge- A pledge by the superintendent
   Additional Information - School FIRST reports and elected officials.

2020-21 Financial Summary

General Fund, Child Nutrition, Debt Service Fund, Special Revenue and Capital Projects

REVENUES ACTIVITIES % OF TOTAL PER STUDENT
Property taxes   207,348,351 46.5% 6,806
Tuition and fees   125,863 0.0% 4
Earnings on investments   249,295 0.1% 8
Food sales   386,308 0.1% 13
Other local   1,928,890 0.4% 63
Total Local Revenues 210,038,707 47.1% 6,894
Total State Revenue 175,834,707 39.4% 5,772
Total Federal Revenues 60,193,466 13.5% 1,976
Total Revenues $ 446,066,880 100.0% $14,642.43
       
EXPENDITURES ACTIVITIES % OF TOTAL PER STUDENT
Instruction 226,689,870 45.0% 7,441
Instructional resources and media services 4,143,704 0.8% 136
Curriculum and staff development 10,658,432 2.1% 350
Instructional leadership 10,088,234 2.0% 331
School leadership 25,001,501 5.0% 821
Guidance and couseling services 17,739,171 3.5% 582
Social work services 578,041 0.1% 19
Health services 4,083,244 0.8% 134
Student (pupil) transportation 15,010,329 3.0% 493
Child nutrition services 18,866,642 3.8% 619
Co-curricular activities 6,386,671 1.3% 210
General administration 12,111,734 2.4% 398
Plant maintenance and operations 33,204,735 6.6% 1,090
Security and monitoring services 11,035,282 2.2% 362
Data processing 9,700,488 1.9% 318
Community services 1,656,221 0.3% 54
Debt service 64,536,139 12.8% 2,118
Captial outlay 29,313,835 5.8% 962
Intergovernmental charges 2,559,394 0.5% 84
Total Expenditures $503,363,667 100.% $16,523.23
Net Change in Fund Balances (57,296,787) (1,881)
Total Full Time Equivalent (FTE) Positions 5,186

Spring ISD does not receive sales tax revenue.

How Is The Money Spent?

Payroll

Costs of $273.3 million include the gross salaries or wages and benefit costs for employee services.

Professional and Contracted Services

Costs of $20.3 million were used for services rendered by firms, individuals, utility companies, and/or other organizations.

Supplies and Materials

Cost of $9.7 million include testing materials, fuel to transport children, and other general supplies and materials.

Debt Service

Costs of $53,881 was for principal and interest payments related to a capital lease obligation.

Capital Outlay

Costs of $827,453 was spent on building improvements, furniture, and other equipment.

Other Operating Costs

Costs of $6.1 million include student and staff travel fees, and property insurance.

Figures based on the Fiscal Year Ended June 30, 2020. (Popular Annual Financial Report)

Awards and Recognitions

Comptroller

Spring ISD Receives Recognition for Transparency Efforts from Texas Comptroller

Texas Comptroller Glenn Hegar announced Spring Independent School District is the latest local government entity to achieve specific transparency goals through the Comptroller’s Transparency Stars program. Spring ISD received a star in the area of Traditional Finances, which recognizes entities for their outstanding efforts in making their spending and revenue information available. Transparency Stars recognizes local government entities that provide easy online access to important financial data.

Learn more about the Texas Comptroller of Public Accounts' Transparency Stars program here.

Credit Ratings
  • Standards & Poor's: AA-
  • Moody: Aa2

Awards and Recognitions

Public Information Requests

Access to information maintained by the Spring Independent School District may be requested in accordance with the Texas Public Information Act. Please visit the Spring ISD Public Information page for more information.