• 2018-19 General Fund Budget
     Budgeted Expenditures   $79,278,027
     Expenditures per Pupil  $8,452
     Local Tax Rate Per $100 Valuation  $1.54
     Maintenance & Operations (M&O)  $1.04
     Debt Service (I&S)  $0.50
     Current Bond Indebtedness $362,011,480
     
     
    2018-19 General Fund Expenditures

    18-19 GeneralFundExp

     
     Instruction/Instructional Support   69.6%
     Central Administration  3.3%
     District Facility Operations  16.0%
     Debt Service  2.0%
      TIRZ 9.1%

     
    2018-19 All Funds Expenditure Budget  
    18-19 AllFundsExp
     
     Instruction  41.21%
     Instructional Support  11.70%
     Central Administration 2.48% 
     District Operations  15.25%
     Debt Service  22.43%
     Other Functions

    6.93% 

     
     
     
    2018-19 General Fund Revenue Budget
    18-19 Revenue
     

     Property Tax Revenue  52.4%
     TIRZ Tax Revenue  5.8%
     Other Local Revenue  3.6%
     State Program Revenue   37.1%
     Federal Program Revenue  1.0% 
     
      
     
     

     

    Debt Service (October 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 (October 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 (October 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.