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Business Office » District Financials

District Financials

BUDGET AND REQUIRED POSTINGS

A school district budget is divided into two main funds.
 
The Maintenance and Operations (M&O) fund is used for day-to-day operations (i.e. salaries, supplies, utilities, etc.).
 
The Interest and Sinking (I&S) fund is used to repay bonded indebtedness.

            

  2023-2024 2022-2023 2021-2022 2020-2021
M&O 0.7575 0.9429 0.9603 0.9630
I&S 0.3273 0.3273 0.3273 0.3246
Total 1.0848 1.2702 1.2876 1.2876
2023-2024 2022-2023 $ Change % Change
$54,007,926 $49,228,819 $4,779,107 9.71%

Adopted Budget

Proposed Budget

ANNUAL FINANCIAL AUDIT REPORTS

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 REPORTS

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 better manage their financial resources 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.