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.
Financial - to record and report useful and timely accounting information regarding the District’s financial transactions in order to provide relevant information useful for evaluating the managerial and organizational performance.
Transparency is a broad term that quite literally means something that can be seen through. So when we speak of transparency in terms of government spending, we are referring to the government opening its books to the public so that taxpayers can see exactly where their money is going. Transparency ensures that your taxpayer dollars are spent efficiently by making all decisions in the open and on the record. The transparency means that citizens can review and question policymakers decision, root out inefficiencies and hold officials accountable for the way tax dollars are spent.
Where Does Our Money Come From?
Local sources of revenue generated 44.9% of all sources of revenue 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.
This source of revenue makes up over half of general fund revenues that Spring ISD receives. The Texas Education Agency oversees state funding and distributes funds to all districts through numerous formulas, grants, allotments and programs.
Revenues received from federal sources constitute 1.6% of total revenues. Most federal revenues received are reimbursements through Medicaid for certain health related services. The increase is due to an increase in the percent of expenditures eligible for Medicaid reimbursements.
The official adopted budget provides estimated revenues and approved expenditures and a narrative describing major budget priorities and decisions. The budget serves as the financial plan for Spring ISD. The budget process starts during the fall semester and is approved by the Board of Trustees in May/June of the next year.
A review update of anticipated revenues and expenditures since the original budget was approved.
Comprehensive Annual Financial Report (CAFR) - The CAFR provides a thorough and detailed presentation of Spring ISD's financial condition and is presented in three sections; Introductory Section, Financial Section and Statistical Section.
Popular Annual Financial Report (PAFR) - The PAFR is a brief summary of the District’s Comprehensive Annual Financial Report (CAFR). This report is intended to increase public awareness throughout the community about Spring ISD’s financial condition by presenting the financial information in a way that is more understandable to parents, students, community members, taxpayers, and other interested parties. Unlike the CAFR, the PAFR is not prepared in accordance with generally accepted accounting principles.
A check register allows taxpayers to see exactly how the district spends their money by viewing a registry of any check SISD has written for any product or service.
Spring ISD Schedule of Tax Rates
|Year||Total Tax Rate||General Fund*||Debt Service Fund*|
* The basis for property tax rates is per $100 assessed valuation.
Spring ISD Schedule of Exemptions
|Disability State Homestead||$10,000|
|Veterans Disability||Determined by % of disability|
|Over 65 State Homestead||$10,000|
|Over 65 Local Homestead||$20,000|
A summary on outstanding debt service obligations that includes current debt obligations, descriptions, dates issued, total amounts, and maturity dates.
The reports reflect the investment objectives and guidelines expressed in the District’s Investment Policy and relevant provisions of Chapter 2256 of the Government Code.
How Is The Money Spent?
Costs of $255,988,672 include the gross salaries or wages and benefit costs for employee services.
Professional and Contracted Services
Costs of $22,128,967 were used for services rendered to the school district by firms, individuals, utility companies, and/or other organizations.
Supplies and Materials
Amounted to $8,948,190; these include textbooks, testing materials, fuel to transport children, and other general supplies and materials.
Costs of $47,390 was for principal and interest payments related to a capital lease obligation.
Capital outlay of $4,452,692 was spent on building acquisition, building improvements, buses and vehicles, furniture, and other equipment.
Other Operating Costs
Costs of $4,819,032 include student and staff travel fees, and property insurance.
About This Page
Texas Comptroller Leadership Circle
Spring ISD has been awarded the Texas Comptroller Leadership Circle Platinum designation for excellence in online financial transparency. The platinum designation represents the highest level awarded.
Learn more about the Texas Comptroller of Public Accounts' Transparency Stars program here.
Awards and Recognitions
- Certificate of Achievement and Excellence in Financial Reporting (Government Finance Officers Association - GFOA) 2016
- Certificate of Excellence in Financial Reporting (Association of School Business Officials- ASBO) 2016
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.