White Settlement Independent School District

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Congrats to our Lady Bear Basketball Team for advancing to Area Playoffs, Boys Basketball to Bi-District Playoffs, and Brewer wrestler to State!

Financial Transparency Overview

     The Business Office has increased its efforts to provide transparent financial information for all stakeholders of White Settlement ISD.  One of the Business Office’s objectives is to present financial reports and relevant information in a format that is easily understandable and in a way to promote transparency and accountability.  As part of this continuing process, the Business Office has created this website to provide you, the taxpayer, with more direct access to many of the district’s most important documents. 

   

     This website provides essential financial information regarding White Settlement ISD’s revenues, expenditures, tax rates, cost drivers and comparative data to ensure the public has the information it needs to make informed decisions about the financial stability of the District. 

 

For additional details of financial transparency, visit the Texas Comptrollers Transparency website.

 Financial Transparency  

 

 

White Settlement Independent School District
Financial Summary 2022-2023
     
General Fund, Debt Service Fund, Capital Projects Fund & Other Non-Major Governmental Funds
REVENUES  Amount   Per Student 
Total Local and Intermediate Sources  $       52,359,215  $             7,510
State Program Revenues  $       38,507,265  $             5,523
Federal Program Revenues  $       10,990,963  $             1,576
     Total Revenues  $     101,857,443  $          14,610
     
EXPENDITURES    
Payroll  $       59,965,124  $             8,601
Contracted Services  $          8,457,331  $             1,213
Supplies & Materials  $          6,301,182  $                 904
Other Operating  $          2,195,868  $                 315
Debt Service  $       14,023,600  $             2,011
Capital Outlay  $       11,551,814  $             1,657
     Total Expenditures  $     102,494,919  $          14,701
     
     Excess of Revenue Over (Under) Expenditures  $           (637,476)  $                 (91)
     
OTHER FINANCING SOURCES AND (USES)  $     117,142,156  $                   91
     
   Net Change in Fund Balances  $     116,504,680  $             1,122
     
Student Count 6,972  
Total FTE's 855  
 

2023-2024 Budget 

The 2023-2024 Original Budget was adopted by the Board of Trustees on June 2023.  The budget is approved by the Board of Trustees at the functional level.  A detailed presentation of the budget is included in the 2023-2024 Budget Book.
 
 
Texas Comptroller’s Traditional Finances Summary Report 
 
 
 
 
 
White Settlement Independent School District
Original Approved Budget for 2023-2024
     
General Fund, Debt Service Fund, and Child Nutrition Funds    
REVENUES  Amount   Per Student 
Total Local and Intermediate Sources  $       48,595,686  $       7,001.25
State Program Revenues  $       37,669,522  $       5,427.10
Federal Program Revenues  $          3,428,549  $          493.96
     Total Revenues  $       89,693,757  $          12,922
     
EXPENDITURES    
Payroll  $       58,063,612  $       8,365.31
Contracted Services  $          8,647,525  $       1,245.86
Supplies & Materials  $          4,810,484  $          693.05
Other Operating  $          1,557,448  $          224.38
Debt Service  $       16,283,367  $       2,345.97
Capital Outlay  $             108,621  $             15.65
     Total Expenditures  $       89,471,057  $          12,890
     
     Excess of Revenue Over (Under) Expenditures  $             222,700  $                   32
     
Student Count  6941  
Total FTE's 839  
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expenditures per student include original approved budgets for General Fund, Debt, Service Fund, and Child Nutrition Fund.
 
 
 
Tax Rate Information
The property tax rate is made up of the Maintenance and Operations (M&O) and Interest and Sinking (I&S) tax rates.  The M&O tax collections are used to fund the daily operation cost of the school district.  The I&S tax collections are used to pay bond principal and interest debt payments.
 
 
 
 
 
 
 
Property Tax Revenue per Student
Property tax revenue includes property tax, penalties, and interest collections. The District has no sales tax revenue.