A school district budget is divided into two main funds the Maintenance and Operations(M&O) fund can be used for daily operations (i.e. salaries, supplies, utilities, etc.). Money in the Interest and Sinking fund(I&S) is used to repay bonded indebtedness.
Tax Rate Resolution
2021-2022 2020-2021 2019-2020
M&O .9603 .9630 1.0683
I&S .3273 .3246 .3800
___________ __________ __________
Total 1.2876 1.2876 1.4483
2020-2021 2021-2022 $ Change % Change
46,340,149 46,107,987 $232,162 .5%
Kaufman ISD's fiscal year begins on September 1st, and ends on August 31st. Each year, KISD's financial statements are audited by an independent firm. Below are the annual audit reports of those financial statements. For additional information please visit The Texas Comptroller Website at https://comptroller.texas.gov/
FIRST stands for “Financial Integrity Rating System of Texas.” It is the annual rating performed by the Texas Education Agency to test the financial performance of school districts.
The system is designed to encourage Texas public schools to manage their financial resources better in order to provide the maximum allocation possible for direct instructional purposes. The system will also disclose the quality of local management and decision-making processes that impact the allocation of financial resources in Texas public schools.