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

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

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 ESSER as part of the CARES Act.

Federal

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

How Is The Money Spent?

Payroll
Costs of $262.4 million include the gross salaries or wages and benefit costs for employee services.

Professional and Contracted Services
Costs of $23.6 million were used for services rendered by firms, individuals, utility companies, and/or other organizations.

Supplies and Materials
Cost of $11.3 million include testing materials, fuel to transport children, and other general supplies and materials.

Debt Service
Costs of $450,942 was for principal and interest payments related to a capital lease obligation.

Capital Outlay
Costs of $560,593 was spent on building improvements, furniture, and other equipment.

Other Operating Costs
Costs of $7.4 million include student and staff travel fees, and property insurance.

2022-23 Financial Summary

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

REVENUES

ACTIVITIES

% OF TOTAL

PER STUDENT

Property taxes  

225,558,880

41.9%

7,574

Tuition and fees  

150,396

0.0%

5

Earnings on investments  

11,602,165

2.2%

390

Food sales  

1,234,610

0.2%

41

Other local  

5,301,584

1.0%

178

Total Local Revenues

243,847,635

45.3%

8,188

Total State Revenue

177,162,764

32.9%

6,181

Total Federal Revenues

118,228,822

21.9%

4,125

Total Revenues

$ 539,239,221

100.0%

$18,813.73

EXPENDITURES

ACTIVITIES

% OF TOTAL

PER STUDENT

Instruction

250,725,039

46.9%

8,419

Instr. resources & media services

4,458,582

0.8%

150

Curriculum and staff development

18,189,214

3.4%

611

Instructional leadership

11,996,355

2.2%

403

School leadership

27,909,210

5.2%

937

Guidance and couseling services

18,356,723

3.4%

616

Social work services

518,036

0.1%

17

Health services

3,094,259

0.6%

104

Student (pupil) transportation

17,180,452

3.2%

577

Child nutrition services

26,605,322

5.0%

893

Co-curricular activities

7,523,059

1.4%

253

General administration

13,815,864

2.6%

464

Plant maintenance and operations

33,761,319

6.3%

1,134

Security and monitoring services

7,388,906

1.4%

248

Data processing

12,403,556

2.3%

416

Community services

1,587,522

0.3%

53

Debt service

69,174,210

12.9%

2,323

Captial outlay

7,089,030

1.3%

238

Intergovernmental charges

2,976,710

0.6%

100

Total Expenditures

$534,753,368

100.%

$18,657.22

Net Change in Fund Balances

4,485,853

157

Total Full Time Equivalent (FTE) Positions 5,047
Spring ISD does not receive sales tax revenue.

Revenue per student and expenditures per student

Revenue by Source and Fund Appropiations

Awards and Recognitions

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

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.