Finance
Gold Leadership Circle Award
Posted: November 7, 2012
Midlothian ISD has earned a third consecutive Texas Comptroller Gold Leadership Circle Award for online financial transparency. The district earned points by clearly reporting budget, financial reports, check registers, charts and additional information on its designated financial webpage. More
Tax Rate Notification
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 [PDF]
2012-13 General Fund Budget
| Budgeted Expenditures | $56,073,404 |
| Expenditures per Pupil | $7,342 |
| Local Tax Rate Per $100 Valuation | $1.54 |
| Maintenance & Operations (M&O) | $1.04 |
| Debt Service (I&S) | $0.50 |
| Current Bond Indebtedness | $234,323,929 |
| Revenue Sources | |
| Local (57.2%) | $32,063,656 |
| State (42.8%) | $24,009,748 |
| General Fund Budget Expenditures | |
| Instruction/Instructional Related | 72.9% |
| Administration | 4.5% |
| Debt Service | 0.5% |
| Plant Services/Utilities | 10.7% |
| TIRZ Contribution* | 10.7% |
| Tax Collection Costs | 0.7% |
*Offset by state funding
2012-13 Budget Area Comparisons (% of General Fund)
2012-13 Revenue Sources (% of General Fund)
Debt Service [PDF]
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.
Food Service [PDF]
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 $2.1 million program.
General Fund [PDF]
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.
Check Register
Links below are to PDF documents. Download the free PDF viewer here.
General
Other Check Registers [PDF; Updated: May 2013]
Purchasing
Conflict of Interest Questionaire Form [PDF]
Tax Exempt Form [PDF]
RFQ (Request for Qualifications)
External Auditor [PDF]
NOTICE (published twice in Waxahachie Daily Light):
The Midlothian Independent School District is requesting Qualifications from qualified firms to provide public accounting services for the District. MISD will have a Pre-Bid Conference on Friday, February 22, 2013 @ 10:00 am at the Administration Building, 100 Walter Stephenson Rd, Midlothian TX. 76065. Qualifications must be submitted no later than Monday March 18, 2013 at 11:00 am to Purchasing Department, Midlothian Administration, 100 Walter Stephenson Road, Midlothian, TX 76065. Additional information regarding this Request for Qualifications may be examined at the above address during normal school district hours.
RFP (Request For Proposal)
The Midlothian Independent School District is soliciting proposals to serve as Depository for the purpose of assisting with the banking functions for funds of the District. Proposal documents will be available on Friday February 22, 2013 on Midlothian ISD website.
Student Insurance RFP 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. The Midlothian Independent School District is accepting bids for the purchase of Middle School Projectors. Bids are to be submitted no later than 3:30 p.m., March 18th, 2013 at the Administration Building, 100 Walter Stephenson, Midlothian, Texas 76065. Bid specifications and proposal forms may be obtained from the Technology Office by calling Jerry Allen at (972)775-8296 or emailing Kirk_Paschall@midlothian-isd.net.
Archived Bids: MISD Investment Policy-Legal (PDF File) MISD Investment Policy-Local (PDF File) Banking RFP Attachment A (Excel file) Banking RFP Attachment B Rates (Excel file) 2013 Banking RFP Notice (PDF file) 2013 Banking RFP (PDF File) RFP Middle School Projectors [PDF] Revised Proposal Acknowledgement Form [PDF] (Feb. 27, 2013) Addendum (Feb. 14, 2013) [PDF]
Audit/Budget Reports
Links are to downloadable PDF file
- 2011-12 Audit
- 2010-11 Audit
- 2009-10 Audit
- 2008-09 Audit
- 2007-08 Audit
- 2013-14 Proposed Budget
- 2012-13 Budget
- 2011-12 Budget
- 2010-11 Budget
- 2009-10 Budget
Helpful
Links
Land Owner's Bill of Rights [PDF]
Public Information Procedures [PDF]
Request for Public Information form [PDF]
Useful PDF Forms
- 2010-11 School FIRST (Financial Integrity Rating System of Texas)
- Application & Rental Agreement Form
- Authorization for Student Activity Fund P.O.
- Budget Change Request Form
- Cash Collection Form
- Consultant Services Contract
- Continuous App & Rental Agreement Form
- Deposit Report
- General Operating Fund Check Request Form
- In-District Mileage Form
- Mileage Chart for In-District Travel
- Petty Cash Form
- Price Quotation Form
- Purchase Order Cancel Close Form
- Student Activity Check Request Form
- Student Activity Info Sheet
- Student and Sponsor Meal Form
- Travel Advance Form
- Travel Reimbursement Form
- Utility Usage Report
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