Southside ISD provides budget & financial information online as part of the Texas Comptroller’s financial transparency initiative. Our annual financial reports are posted below. You can also review monthly check registers, budget summaries, and information on the tax rate by visiting the links in the side bar.
If you have questions about this information, please contact the SISD Business Office.
- Debt Transparency Pledge
The following summary data is from the Governmental Fund Statements in the District’s Comprehensive Annual Financial Report for the year ended August 31, 2015. Governmental Funds include the District’s primary operating fund, i.e. General Fund, Special Revenue Fund for various grants, Debt Service Fund for the payment of interest and principal on all bonds, and Capital Projects Fund to account for the expenditures of bond proceeds.
2017-2018 Budget Documents
The budget reflects the allocation of revenues and expenditures to support the educational programs and services. Each school district in Texas is required by law to prepare annually a budget for the General Fund, the Debt Service Fund, and the Food Service Program. The following budget documents are the original budgets adopted by the Board of Trustees.
As required by the legislature, the district must post the following statement:
Southside ISD adopted a tax rate that will raise more taxes for Maintenance and Operations than last year’s tax rate.
What the legislature has failed to inform the public is that as your local tax collections increase, the state reduces the amount of funds sent to the district – shifting the responsibility of funding education from the state to the local taxpayers. Southside ISD does not benefit from increased local tax collections.
The following check registers are listings of all payments incurred monthly by the District.
2017-2018 Check Registers
Financial Integrity Rating System of Texas (FIRST)
The Financial Integrity Rating System of Texas (Schools FIRST) is administered by the Texas Education Agency and calculated on information submitted to TEA via the district’s Public Education Information Management System (PEIMS) submission each year. The Schools FIRST accountability rating system assigns one of four financial accountability ratings to Texas school districts, with the highest being “Superior Achievement,” followed by “Above-Standard Achievement,” “Standard Achievement” and “Substandard Achievement.”
Comprehensive Annual Financial Report
Annual Financial Report
The Texas Education Code requires an annual audit of the district’s financial statements. The Board of Trustees selected RSM U S LLP., a firm of licensed certified public accountants to audit this year’s financial statements. Download full reports for the previous years below.
Quarterly Investment Report
The following investment reports provide quarterly information and analysis on the District’s investments.