Business and Finance
The Business and Finance Department is responsible for all financial accounting of the school district funds including Budget, Federal and State Grants, Audit of Activity Funds, Parent Organizations, Activity Funds, Accounts Payable, Purchasing, Payroll and Benefits, Risk Management, Fixed Assets, Investments and Financial Reporting.
Tax & Budget Data
Adopted Tax Rate (per $100 valuation)
General Operations (M&O)
Debt Service (I&S) $0.2600 19.7% Total Rate $1.3200 100.0%
General Fund Balance
Unassigned Fund Balance as of June 30, 2017
$100,567,270Committed Fund Balance as of June 30, 2017
-State Revenue stabilization
% of Total 2017-2018 Budget Expenditures
Unlimited Tax Debt Information
Authorized Issued 1984 $95,000,000 $95,000,000 1991 $89,500,500 $89,500,500 1995 $139,000,008 $139,000,008 1999 $264,000,003 $264,000,003 2003 $299,950,000 $299,950,000 2007 $428,000,000$409,000,000 2014 $484,000,000 $310,000,000All bonds from the 2007 authorization have beenissued with the exception of:- $19,000,000 designated for the construction ofa middle school campus
Outstanding Unlimited Tax DebtNet Bonded Tax Debt as ofJune 30, 2017
$920,091,258 % Debt to Total Assessed Valuation 2.16%2016-2017 Debt Service(actual) $91,970,561Debt Service Paymentper Student $1,241.572017-2018 Debt Service(budgeted) $78,009,687Debt Service Payment (budgeted)per Student $1,060.91
In the event that a check written to any Fort Bend ISD campus, club, organization, Child Nutrition Department, or Extended Day Department is returned unpaid by a bank, Fort Bend ISD or its agent will redeposit your check electronically. Additionally, Fort Bend ISD or its agent may electronically collect a returned check fee of $30.00 plus applicable sales tax. This fee is in addition to any fees your bank may charge. Fort Bend ISD has contracted with PayTek Solutions to collect any insufficient funds checks made out to the District. PayTek Solutions can be contacted at 1-800-641-9998.