• 2017-18 General Fund Budget
     Budgeted Expenditures   $75,540,543
     Expenditures per Pupil  $8,531
     Local Tax Rate Per $100 Valuation  $1.54
     Maintenance & Operations (M&O)  $1.04
     Debt Service (I&S)  $0.50
     Current Bond Indebtedness $293,696,382
     
     
     

    2017-18 General Funds Expenditures

    17-19 GF Expend
     
     Instruction/Instructional Support    67.8%
     Central Administration  3.2%
     District Facility Operations  16.0%
     Debt Service  3.1%
     Other Functions Including TIRZ  10.0%

     
    2017-18 All Funds Expenditure Budget 
     
    17-18 All Funds
     
     Instruction  40.18%
     Instructional Support  11.42%
     Central Administration 2.4% 
     District Operations  15.12%
     Debt Service  23.27%
     Other Functions 7.61% 
     
     
     
    2017-18 General Fund Revenue Budget
    17-18 GF Revenue
     

     Property Tax Revenue  50.0%
     TIRZ Tax Revenue  6.4%
     Other Local Revenue  4.5%
     State Program Revenue   38.1%
     Federal Program Revenue  0.9% 
     
      
     
     

     

    Debt Service (May 2018)

     

    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 (May 2018)



    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 (May 2018)



    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.