FINANCE

NEWS

Notice of Public Meeting to Discuss Budget and Proposed Tax Rate

Proposed Budget for 2016-2017

MISD pays off 2006 bond early

Posted: February 19, 2016

The Midlothian ISD Finance Department and the Board of Trustees proactively used prior bond debt refundings to pay off the 2006 bond 20 years early. The district saved over $1 million in interest.

The bond, which voters passed to build a new Agricultural Science Barn, has had a great impact on student success.

Because of the ag facility, the program has grown to be the 2nd largest student FFA organization in the state of Texas, with students winning numerous awards over the past 10 years.

 

MISD Budget and Finance

Posted: November 11, 2015

Student learning is the primary responsibility of Midlothian ISD.  It is also important that the district manage and maximize its fiscal resources so that taxpayer dollars are used to enhance the educational experience of all students. More

 

Impact of Proposition One on MISD Taxpayers

Posted: November 6, 2015

On November 3 Texas voters approved a constitutional amendment (Proposition One) that will increase the state mandated homestead exemption from $15,000 to $25,000 effective January 2016. Considering the additional $10,000 state exemption provided by Proposition One, this means that a local resident whose home is valued at $100,000 would save approximately $154 in taxes based on the MISD $1.54 tax rate. Midlothian ISD is also one of only a few districts in the state that offers an additional 10 percent optional local homestead exemption providing further savings to taxpayers.

According to Texas Comptroller Public Accounts’ summary of Senate Bill 1 of the 84th regular legislative session, school districts are held harmless for funding losses tied to the increased homestead exemption and the reduced school district tax ceiling by several provisions of SB1.  Specific information regarding the replacement of this decrease in funding has not yet been provided.

The MISD School Board has not set a date for a school bond election to address additional facility needs to accommodate projected growth. Because the MISD tax rate is already at the maximum .50 cents per $100 value, the passage of an additional bond would not create a tax increase to the Interest & Sinking (bond indebtedness) rate.

Additional information will be provided as MISD works through the financial implications of the passage of the Constitutional Amendment, Proposition One. Looking toward the future, MISD will continue its focus on responsible and efficient fiscal efforts while providing the best educational experience for the students of Midlothian.

 

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

 

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, for a total tax rate of $1.54.
Resolution of Tax Rate

 

2015-16 General Fund Budget

Budgeted Expenditures $66,755,111
Expenditures per Pupil $8,191.82
Local Tax Rate Per $100 Valuation $1.54
Maintenance & Operations (M&O) $1.04
Debt Service (I&S) $0.50
Current Bond Indebtedness $238,328,978

 

2015-16 Budget Area Comparisons (% of General Fund)

Budget Comparisons Chart

 

2015-16 General Fund Expenditure Budget
by Major Categories

Revenue Sources Chart

 

General Fund Budget Expenditures

Payroll 73.17%
Professional & Contracted Services 7.49%
Supplies and Materials 5.56%
Other operating costs 12.56%
Debt Service 1.05%
Capital Outlay .17%
Payroll % less TIRZ 81.54%

*Offset by state funding

 

2015-16 General Fund Revenue Budget
by Major Categories

Fund Revenue

 

Revenue Sources

Property Tax Revenue 47.7% $30,829,055
TIRZ Tax Revenue 7.3% $4,736,160
Other Local Revenue 3.4% $2,221,355
State Program Revenues 40.7% $26,309,869
Federal Program Revenues .8% $509,000

 

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.

Current Debt Position & Preliminary Bond Capacity Analysis, March 7, 2016

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

2016 2015 2014 2013
Jan. Jan. Jan. Jan.
Feb. Feb. Feb. Feb.
Mar.Mar. Mar. Mar.
Apr.Apr. Apr. Apr.
  May May May
  June June June
  July July July
  Aug. Aug. Aug.
  Sept. Sept. Sept.
  Oct. Oct. Oct.
  Nov. Nov. Nov.
  Dec. Dec. Dec.

Other Check Registers (Updated: Apr. 2016)

 

Approved Vendors

Download the full list of vendors by the MISD School Board.

Maintenance Supplies Equipment

Fundraiser Photographers vendor list

Office, General, Nursing vendor list

Supplies & Equipment vendor list

Contracted Services vendor list

Athletic Supplies vendor list

Tech-Services vendor list

 

Purchasing

RFP (Request For Proposal)

Active Bids: Student Insurance RFP 1617-01

 

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)

Download Bid Schedule

 

Archived Bids

Internet Access Service

Infrastructure Equipment

Infrastucture Installation

RFP 1516-230

Bid Packet for Sale of Real Property

Maintenance Vehicles

Maintenance Supplies

Strategic Planning Consultant Services

The Midlothian Independent School District is accepting bids for the purchase of Printer Supplies. Bids are to be submitted no later than 3:30 p.m., July 8, 2015 at the Administration Building, 100 Walter Stephenson, Midlothian, Texas 76065. Bid specifications and proposal forms may be obtained from the Technology Office by calling Lisa Garrison at (972) 775-8296 or emailing Kim_Domke@misd.gs.

The Midlothian Independent School District is accepting bids for the purchase of Technology Items for Midlothian ISD.  Bids are to be submitted no later than 10:30 AM, July 15th, 2015 at the Administration Building, 100 Walter Stephenson, Midlothian, Texas 76065.  Bid specifications and proposal forms may be obtained from the Technology Office by calling Kirk Paschall at (972)775-8296 or emailing Kirk Paschall at Kirk_Paschall@misd.gs.

Midlothian ISD is requesting bids for band instruments for Midlothian Heritage High School. Please download information and bid specifications. If you wish to submit a bid, it needs to be received in our office at 100 Walter Stephenson Rd, Midlothian TX 76065 by 2:00 PM on May 29, 2015.

Midlothian ISD is sending out Request for Proposals (RFP) for Integrated Pest Management (IPM). If you wish to submit a proposal, it needs to be in our office by 11:30 a.m. on June 05, 2015 @ 100 Walter Stephenson Rd, Midlothian TX 76065. Please fill out all forms according to the proposal documents.

The Midlothian Independent School District is accepting bids for the purchase of a generator for our Network Operations Center for Midlothian ISD.  Bids are to be submitted no later than 3:30 p.m., April15th, 2015 at the Administration Building, 100 Walter Stephenson, Midlothian, Texas 76065. Bid specifications and proposal forms may be obtained from the Technology Office by calling Kirk Paschall at (972)775-8296. Download RFP

Bank Depository Bid and Notice

School/Office/General Supplies & Equipment and Nursing Supplies

Athletic Supplies and Equipment

Technology Related Contracted Services (RFCP)

Fundraiser Related Items & Services” & “School Related Photography/Pictures

Maintenance, Janitorial, and Transportation Related Supplies and Equipment

Maintenance, Janitorial, and Transportation Contracted Services

RFQ Legal Services

Miscellaneous Technology Equipment (Midlothian Heritage High School)

Food Service Management Companies

MHHS Projectors

MHHS Network

Region 18 Request for Proposals

MHHS Science Supplies Bid

MHHS Ag Science Supplies Bid

MHHS Cafeteria Supplies Bid

IP Phone Systems

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

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

Midlothian Heritage High School Band

Midlothian Heritage High School Choir

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

 

Useful PDF Forms

 

Superintendent

Calendar

Athletics

Education Foundation

Back 2 School

Enews

Apply Online

Bond Update