Business and Finance

  • Business & Finance Picture
     
    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. 

Tax & Budget Data

  • 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 of
    June 30, 2021
    		  $1,490,746,798
    % Debt to Total Assessed Valuation 2.86%
    2020-2021 Debt Service
    (actual)
    		 $112,554,977
    Debt Service Payment
    per Student
    		 $1,466.80
    2021-2022 Debt Service
    (budgeted)
    		 $131,737,935
    Debt Service Payment (budgeted)
    per Student
    		 $1,690.60

     

     

     

     
         

Contact Us


  •  ASBO Certificate of Excellence Logo
     
     
      Texas Honors Circle District Award  

  • Bond Ratings  (as of June 2021)

    Fitch - AA+

    Standard & Poor's - AA+

Check Policy

  • 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.