• 2019-20 General Fund Budget
     Budgeted Expenditures   $89,259,681
     Expenditures per Pupil  $8,914
     Local Tax Rate Per $100 Valuation  $1.47
     Maintenance & Operations (M&O)  $0.97
     Debt Service (I&S)  $0.50
     Current Bond Indebtedness $356,066,373
     
     
    2019-20 General Fund Expenditures

    GenFund2019

     
     Instruction/Instructional Support   70.3%
     Central Administration  3.4%
     District Facility Operations  15.9%
     Debt Service  1.8%
      TIRZ 8.6%

     
    2019-20 All Funds Expenditure Budget  

    AllFundExp_2019
     
     Instruction  42.98%
     Instructional Support  11.86%
     Central Administration 2.62% 
     District Operations  15.71%
     Debt Service  20.13%
     Other Functions

    6.71% 

     
     
     
    2019-20 General Fund Revenue Budget
    GenFundRev2019
     

     Property Tax Revenue  48.6%
     TIRZ Tax Revenue  5.3%
     Other Local Revenue  3.4%
     State Program Revenue   41.3%
     Federal Program Revenue  1.4% 
     
      
     
     

     

    Debt Service (July 2019)

     

     

    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 (July 2019)



    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 $4 million program.
     

    General Fund (July 2019)

     

     



    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.