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.
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 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.
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).
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.
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.
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.
