Midlothian ISD has earned the highest rating of 5-stars from the Texas Comptroller Financial Allocation Study for Texas (also known as FAST). Each Texas school district is assigned a FAST rating of one to five stars, indicating its success in combining cost-effective spending with the achievement of measurable student academic progress. MISD was one of just 42 school districts statewide to receive a 5-star FAST rating. For more information on the ratings system, go online to www.fastexas.org.
The current MISD Interest & Sinking (I&S) Fund Tax Rate is $0.50, and current Maintenance & Operations (M&O) Tax Rate is $1.04.
Texas Financial Integrity Rating System
MISD has earned "Superior Achievement" for ten consecutive years in a row in the state's Schools FIRST program. Download the report
|Expenditures per Pupil||$7,889|
|Local Tax Rate Per $100 Valuation||$1.54|
|Maintenance & Operations (M&O)||$1.04|
|Debt Service (I&S)||$0.50|
|Current Bond Indebtedness||$223,919,663|
|Professional & Contracted Services||7.75%|
|Supplies and Materials||5.92%|
|Other operating costs||13.14%|
|Payroll % less TIRZ||0.8184|
*Offset by state funding
|Property Tax Revenue||45.6%||$28,568,043|
|TIRZ Tax Revenue||7.5%||$4,720,670|
|Other Local Revenue||3.5%||$2,182,128|
|State Program Revenues||43.0%||$26,945,866|
|Federal Program Revenues||0.3%||$187,585|
The Debt Service Fund is primarily used to pay principal and interest on the District’s outstanding bond indebtedness. Revenues are mainly generated from the I&S (Interest and Sinking) portion of school taxes. Revenues in this fund are restricted in their use, and can only be used for debt-related expenditures.
The Food Service Fund is where all revenues and expenditures are recorded that relate to the nutrition needs of our students. The MISD contracts with ARAMARK to run its food service operations.
ARAMARK serves breakfast and lunch every school day at each school cafeteria. The Food Service operation is an approximate $2.5 million program.
The General Fund is used to record most of the revenues and expenditures of the District. The revenues come primarily from the M&O (Maintenance and Operations) portion of the school taxes, State funds, athletic events, and interest on investments of the District.
General Fund expenditures are for all of the day-to-day operations of the District, for example: salaries of teachers, classroom aides, bus drivers, and maintenance workers; insurance; utilities; supplies; fuel for vehicles; lease payments; etc.
Links below are to PDF documents. Download the free PDF viewer here.
Other Check Registers (Updated: June 2014)
Download the list of approved vendors by the MISD School Board; Feb. 2014.
The Midlothian ISD is seeking Qualifications from Professional Law Firms. The contract will be awarded to the firm who, based on all responses and applying all criteria, is determined by the District to be the best qualified company to provide the service. We invite your firm to participate by completing the requirements in the attached document.
The links below can be downloaded and printed.
NOTICE (published twice in the Midlothian Mirror newspaper)
Food Service Management Companies - PDF
School/Office/General, Athletic, and Nursing Supplies and Equipment - PDF
School/Office/General, Athletic, and Nursing Related Contracted Services - PDF
Contracted Services - Maintenance, Janitorial, Transportation and Technology Related
Supplies & Equipment - Maintenance, Janitorial, and Transportation Related
Claim Loss Experience - Midlothian ISD is sending out an updated Claim / Loss Experience for our RFP for Student Accident Insurance. The history was not updated before it was sent out originally. We're sorry for any inconvenience this may have caused.
Banking RFP Attachment A (Excel file)
Banking RFP Attachment B Rates (Excel file)
Revised Proposal Acknowledgement Form (Feb. 27, 2013)
Addendum (Feb. 14, 2013)
Links are to downloadable PDF file