Business and Finance
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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, Risk Management, Fixed Assets, Investments and Financial Reporting.
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Helpful Documents (School Finance)
Tax & Budget Data
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Adopted Tax Rate (per $100 valuation)
General Operations (M&O) $0.9201
76.04%
Debt Service (I&S)
$0.2900 24.96% Total Rate
$1.2101 100.00% General Fund Balance
Unassigned Fund Balance as of June 30, 2021 $97,851,609
Committed Fund Balance as of June 30, 2021
-State Revenue Stabilization$62,500,000
% of Total 2020-2021 Budget Expenditures 21%
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 $428,000,000 2014 $484,000,000 $452,000,000 2018 $992,600,000 $570,620,000 Outstanding Unlimited Tax Debt
Net Bonded Tax Debt as ofJune 30, 2021$1,490,746,798 % Debt to Total Assessed Valuation 2.86% 2020-2021 Debt Service(actual)$112,554,977 Debt Service Paymentper Student$1,466.80 2021-2022 Debt Service(budgeted)$131,737,935 Debt Service Payment (budgeted)per Student$1,690.60
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Bond Ratings (as of June 2021)
Fitch - AA+
Standard & Poor's - AA+
Check Policy
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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.