Local revenues include, but are not limited to, property taxes, earnings on investments, and tuition and fees. Local revenues decreased by 20.01% from the previous fiscal year primarily due to reduced tax payer liability as a result of Senate Bill 2 (SB 2). The reduction in tax payer collections is offset by the increase of state aid revenue.
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
State
State revenues increased by 29.47% from the previous fiscal year. The increase is primarily due to 1) legislative changes related to Senate Bill 2 (SB 2), which increased homestead exemption from $40,000 to $100,000; 2) an increase in Foundation School Program (FSP) to adjust for actual student attendance and special programs, and 3) increase of indirect costs revenue from state TCLAS grants.
Federal
Federal revenues increased by 41.87% from the previous year due to higher indirect costs revenue on federal programs. Federal revenue received is based on reimbursements from expenditures incurred during the fiscal year.
Financial Resources
2023-24 Financial Summary
General Fund, Child Nutrition, Debt Service Fund, Special Revenue and Capital Projects
REVENUES | ACTIVITIES | % OF TOTAL | PER STUDENT |
|---|---|---|---|
Property taxes | 202,032,460 | 33.7% | 6,784 |
Tuition and fees | 136,983 | 0.0% | 5 |
Earnings on investments | 24,545,548 | 4.1% | 824 |
Food sales | 1,212,542 | 0.2% | 41 |
Other local | 5,857,801 | 1.0% | 197 |
Total Local Revenues | 233,785,334 | 39.0% | 7,851 |
Total State Revenue | 234,895,572 | 39.1% | 8,195 |
Total Federal Revenues | 132,788,227 | 22.1% | 4,633 |
Total Revenues | $ 601,469,133 | 100.2% | $ 20,984.90 |
EXPENDITURES | ACTIVITIES | % OF TOTAL | PER STUDENT |
|---|---|---|---|
Instruction | 239,656,264 | 40.6% | 8,047 |
Instructional resources and media services | 3,652,645 | 0.6% | 123 |
Curriculum and staff development | 21,048,893 | 3.6% | 707 |
Instructional leadership | 11,924,158 | 2.0% | 400 |
School leadership | 27,752,939 | 4.7% | 932 |
Guidance and couseling services | 20,229,023 | 3.4% | 679 |
Social work services | 399,893 | 0.1% | 13 |
Health services | 3,304,249 | 0.6% | 111 |
Student (pupil) transportation | 17,443,466 | 3.0% | 586 |
Child nutrition services | 34,374,424 | 5.8% | 1,154 |
Co-curricular activities | 7,618,720 | 1.3% | 256 |
General administration | 14,302,944 | 2.4% | 480 |
Plant maintenance and operations | 36,518,968 | 6.2% | 1,226 |
Security and monitoring services | 15,248,350 | 2.6% | 512 |
Data processing | 10,424,585 | 1.8% | 350 |
Community services | 1,881,183 | 0.3% | 63 |
Debt service | 77,318,161 | 13.1% | 2,596 |
Captial outlay | 43,736,340 | 7.4% | 1,469 |
Intergovernmental charges | 3,674,321 | 0.6% | 123 |
Total Expenditures | $ 590,509,526 | 100.0% | $ 20,602.52 |
Net Change in Fund Balances | 10,959,607 | 382 |
Total Full Time Equivalent (FTE) Positions 4,969
Spring ISD does not receive sales tax revenue.
How Was The General Fund Money Spent?
The District had $320,808,076 in general fund expenditures during fiscal year 2024, a decrease of $14.8 million or 4.42% from prior fiscal year. The decrease was primarily due to maximizing the use of ESSER III federal funds by allowable supplanting of instructional salaries, in addition to the savings from allocated, but unfilled positions.
Payroll
Costs of $276.6 million include the gross salaries or wages and benefit costs for employee services.
Professional and Contracted Services
Costs of $24.6 million were used for services rendered by firms, individuals, utility companies, and/or other organizations.
Supplies and Materials
Cost of $9.2 million include testing materials, fuel to transport children, and other general supplies and materials.
Capital Outlay
Costs of $697,670 was spent on building and land improvements, furniture, buses and vehicles, and other equipment.
Other Operating Expenses
Costs of $9.2 million include student and staff travel fees, and property insurance.
Debt Service
Costs of $527,400 include principal and interest payments related to a capital lease obligation.
Figures based on the Popular Annual Financial Report for the Fiscal Year ended June 30, 2024.
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.