FINANCE

MISD Earns Highest Rating on Comptroller's FAST Report

Posted: January 10, 2014

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.

 

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.
Resolution of Tax Rate

Texas Financial Integrity Rating System
MISD has earned "Superior Achievement" for twelve consecutive years in a row in the state's Schools FIRST program. Download the report

 

2014-15 General Fund Budget

Budgeted Expenditures $62,604,292
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

 

2014-15 Budget Area Comparisons (% of General Fund)

12-13 Budget Comparisons Chart

 

2014-15 General Fund Expenditure Budget
by Major Categories

12-13 Revenue Sources Chart

 

General Fund Budget Expenditures

Payroll 73.01%
Professional & Contracted Services 7.75%
Supplies and Materials 5.92%
Other operating costs 13.14%
Capital Outlay 0.17%
  100%
Payroll % less TIRZ 0.8184

*Offset by state funding

 

2014-15 General Fund Revenue Budget
by Major Categories

Major Categories

 

Revenue Sources

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

 

Debt Service

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.

Debt Service Book

Debt Transparency Pledge

Food Service

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.

General Fund

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

2014 2013 2012 2011
Jan. Jan. Jan. Jan.
Feb. Feb. Feb. Feb.
Mar. Mar. Mar. Mar.
Apr. Apr. Apr. Apr.
May May May May
June June June June
July July July July
Aug. Aug. Aug. Aug.
Sept. Sept. Sept. Sept.
Oct. Oct. Oct. Oct.
  Nov. Nov. Nov.
  Dec. Dec. Dec.

 

Other Check Registers (Updated: Oct. 2014)

 

Vendors

Download the list of approved vendors by the MISD School Board; Feb. 2014.

 

Purchasing

RFQ (Request for qualifications)

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.

Active Bids:

 

RFP (Request for Proposal)

The links below can be downloaded and printed.

Active Bids:

Printer Supplies - XLS | PDF

 

The following forms must be accompanied with the above active bids: Conflict of Interest Questionaire Form | W9 Form

NOTICE (published twice in the Midlothian Mirror newspaper)

The Midlothian Independent School District is seeking bids for vendors for Maintenance, Janitorial, and Transportation Related Supplies and Equipment. Bids will be accepted until Thursday, December 04, 2014 at 11:00 a.m. at the MISD Administration Building, 100 Walter Stephenson Road, Midlothian, TX 76065. Download Bid

The Midlothian Independent School District is seeking bids for vendors for Maintenance, Janitorial, and Transportation Contracted Services. Bids will be accepted until Thursday, December 04, 2014 at 11:00 a.m. at the MISD Administration Building, 100 Walter Stephenson Road, Midlothian, TX 76065. Download Bid

 

Download Bid Schedule

 

Archived Bids (PDF File)

RFQ Legal Services

Miscellaneous Technology Equipment (Midlothian Heritage High School) - Word | PDF

Food Service Management Companies - PDF

MHHS Projectors - PDF | Word

MHHS Network - PDF | Word

Region 18 Request for Proposals

MHHS Science Supplies Bid - PDF | XLS

MHHS Ag Science Supplies Bid - PDF | XLS

MHHS Cafeteria Supplies Bid - PDF | XLS

IP Phone Systems - PDF | Word

School/Office/General, Athletic, and Nursing Supplies and Equipment - PDF

School/Office/General, Athletic, and Nursing Related Contracted Services - PDF

Midlothian Heritage High School Band - Word | XLS

Midlothian Heritage High School Choir - Word | XLS

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.

RFQ Demographic Services

External Auditor 

MISD Investment Policy-Legal

MISD Investment Policy-Local

Banking RFP Attachment A (Excel file)

Banking RFP Attachment B Rates (Excel file)

2013 Banking RFP Notice

2013 Banking RFP

RFP Middle School Projectors

Revised Proposal Acknowledgement Form (Feb. 27, 2013)

Addendum (Feb. 14, 2013)

 

Audit/Budget Reports

Links are to downloadable PDF file

 

Helpful Links

Disclosures

Land Owner's Bill of Rights

Public Information Procedures

Texas Transparency

 

Useful PDF Forms

 

Superintendent

Calendar

Athletics

Education Foundation

Back 2 School

Enews

Employment

Bond Update